Demutualization of Securities Exchanges: A Regulatory Perspective, Issues 2002-2119 |
Common terms and phrases
access to trading alliances allowed alternative trading systems ASIC Australian Stock Exchange Bolsa broker brokerage firm business conduct regulation capital markets carry client committees compete Competition for listings competitors conflicts of interest created dealers Deutsche Bourse disincentive to enforce electronic emerging market countries example exchange member fee setting Financial Services Authority global governance structure innovation institution Interlisting investors issue issuers licensing limited liability liquidity listed companies London Stock Exchange market conduct regulation market conduct rules market intermediaries market makers market participants market surveillance marketplaces membership merger monitoring monopoly mutual organization NASD Nasdaq market not-for-profit NYSE on-site operations order flow ownership percent profit public companies regulation of listed regulatory functions regulatory role rely response Securities Exchange Commission securities regulator self-regulation self-regulatory separate settlement risk shareholders shares Singapore Steil Stockholm Stock Exchange supervision Toronto Stock Exchange traditional exchange traditional model U.S. SEC U.S. Securities Exchange