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| ACHIEVING MARKET INTEGRATION
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 Best Execution, Fragmentation and the Free Flow of Capital
To order this title, and for more information, click here
By
Scott McCleskey, virt-x Exchange Limited, UK
Description
Best execution, market integration, and other major financial market issues have traditionally been dealt with as separate matters requiring
individual solutions. In Achieving Market Integration the author demonstrates the interrelated nature of these and other imperative
problems, and sensibly reduces them to their common fundamental principles. Beginning with an in-depth examination of best execution
in today's multiple-market environment, the book moves logically into an examination of market structure and the problems of achieving
genuine integration. The book makes the case that order interaction is fundamental to addressing each of these issues, and develops
a unified regulatory approach to achieve true market integration based on intermarket linkages and a cross-market best execution policy.
This unique approach culminates in a coherent set of policy recommendations and an innovative framework for assessing the effectiveness
of future policy proposals.
Audience
Investment bank brokers; Operations managers; Graduate trainees; Business analysts; Finance managers; Regulatory bodies- policy experts; Clearing houses and central securities depositories;
Contents
Best Execution:
Is this regulation necessary?; Fundamental issues; Putting it together- Elements of a sound best execution policy;
Comparing approaches; A legal approach; Technological considerations;
Market Integration:
Liquidity, Market Fragmentation and
Price Formation; Fragmentation and Concentration; Clearing and Settlement; Old Solutions to New Problems- Historical Attempts to Integrate
Markets; Making Integration Work- The European Case;
Making Market Integration Work:
State vs. Market- Who regulates the integrated
market?; Conclusions.
| Bibliographic details |
Hardbound, 176 pages, publication date: NOV-2003
ISBN-13: 978-0-7506-5745-7
ISBN-10: 0-7506-5745-6
Imprint: BUTTERWORTH HEINEMANN
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| Price and Ordering |
Price:
EUR 107
GBP 71
USD 126
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Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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Last update: 27 Sep 2008
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