000			03554cam a2200433 i 4500
001			on1048036167
003			OCoLC
005			20240726105117.0
008			180802s2019 nyua ob 001 0 eng
010			_a2018037234
040			_aDLC _beng _erda _cDLC _dOCLCO _dOCLCF _dOCLCQ _dYDX _dJSTOR _dCLU _dU3W _dYDX _dEBLCP _dMERUC _dDEGRU _dNT _dTEFOD _dIN0
020			_a9780231543934 _q((electronic)l(electronic)ctronic)
042			_apcc
050	1	4	_aHG4551 _b.N497 2019
049			_aMAIN
100	1		_aFox, Merritt B., _e1
245	1	0	_aThe new stock market : _blaw, economics, and policy / _cMerritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg.
260			_aNew York : _bColumbia University Press, _c(c)2019.
300			_a1 online resource (viii, 395 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
504			_a2
505	0	0	_aThe institutions and regulation of trading markets -- _tThe social function of stock markets -- _tThe economics of trading markets -- _tHigh frequency trading -- _tThe economics of informed trading -- _tThe regulation of informed trading -- _tManipulation -- _tShort selling -- _tBroker-dealers -- _tDark pools -- _tMaker-taker fees -- _tPayment for order flow -- _tConclusion.
520	0		_aThe 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.
530			_a2 _ub
650		0	_aStock exchanges.
650		0	_aSecurities.
650		0	_aShort selling (Securities)
655		1	_aElectronic Books.
700	1		_aGlosten, Lawrence R. _d1951- _e1
700	1		_aRauterberg, Gabriel V., _e1
700	1		_q(Lawrence Robert),
856	4	0	_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1977123&site=eds-live&custid=s3260518 _zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942			_cOB _D _eEB _hHG _m2019 _QOL _R _x _8NFIC _2LOC
994			_a92 _bNT
999			_c89314 _d89314
902			_a1 _bCynthia Snell _c1 _dCynthia Snell