We are open! For operations and delivery updates due to COVID-19. (click here)
0

Call Boomerang Books 1300 36 33 32

Description - The New Stock Market: Law, Economics, and Policy by Merritt B. Fox

The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as ?dark pools.? These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes.

The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets' institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market's regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.

Buy The New Stock Market: Law, Economics, and Policy by Merritt B. Fox from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780231181969
Format: Hardback
(229mm x 152mm x mm)
Pages: 408
Imprint: Columbia University Press
Publisher: Columbia University Press
Publish Date: 8-Jan-2019
Country of Publication: United States

Book Reviews - The New Stock Market: Law, Economics, and Policy by Merritt B. Fox

» Have you read this book? We'd like to know what you think about it - write a review about The New Stock Market: Law, Economics, and Policy book by Merritt B. Fox and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)


A Preview for this title is currently not available.