Abstract

http://ssrn.com/abstract=1144542
 


 



Facing New Regulatory Frameworks in Securities Trading


Peter-Jan Engelen


Utrecht University - Utrecht University School of Economics

Peter Gomber


Goethe University Frankfurt Faculty of Economics and Business Administration

Markus Gsell


Goethe University Frankfurt Faculty of Economics and Business Administration


Competition and Regulation in Network Industries, Vol. 1, No. 4, pp. 487-496, December 2006

Abstract:     
Technological changes in securities trading systems over the past decades not only changed the traditional business model in Europe and the U.S., but also put questions to the existing regulatory framework at both sides of the Atlantic. Heterogeneous customer demands for different vectors of services give rise to customised trading platforms. Regulation which forces trading venues into categories with fixed bundles of services is not inline with customer demands and limits innovation in securities trading landscape.

Keywords: ATS, Securities Regulation, Functional Approach, Best Execution, MiFID

Accepted Paper Series


Not Available For Download

Date posted: June 12, 2008  

Suggested Citation

Engelen, Peter-Jan and Gomber, Peter and Gsell, Markus, Facing New Regulatory Frameworks in Securities Trading. Available at SSRN: http://ssrn.com/abstract=1144542

Contact Information

Peter-Jan Engelen
Utrecht University - Utrecht University School of Economics ( email )
Kriekenpitplein 21-22
Adam Smith Building
Utrecht, 3584 EC
Netherlands
Peter Gomber
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478
Markus Gsell (Contact Author)
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinance.wiwi.uni-frankfurt.de/index.php?id=199
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