Transparency and Fragmentation
Subtitle: Financial Market Regulation in a Dynamic Environment
Publisher: Palgrave Macmillan
Published: October 4, 2002
Language: eng
Format: Hardcover
Number of pages: 272
ISBN-13: 9780333986349
Subjects: Business & Management; International finance; Investment & securities; Business & Economics; Business / Economics / Finance; Business/Economics; Corporate Finance; Investments & Securities - General; Business & Economics / Corporate Finance; Great Britain; Law and legislation; Securities; Stock exchanges; United States
First sentence: A world in which markets are fragmenting and evolving in unpredictable ways presents three major risks to meeting the FSA's statutory objectives: the possibility of segmented trading of the same security in a number of venues, leading to low liquidity, price fragmentation, poor price discovery, difficulty defining an exchange, and the like