Standardizing World Securities Clearance Systems
Ramon P. DeGennaro
University of Tennessee, Knoxville - Department of Finance
Christopher J. Pike
Economic Commentary, April 1990
The dramatic increase in the volume of international securities trading has strained the present system of settling trades. The costs and risks of such trading can no longer be ignored. An international organization, the Group of Thirty, has recommended changes in the structure of financial markets to minimize these problems.
Number of Pages in PDF File: 4
JEL Classification: G1, G2, K4Accepted Paper Series
Date posted: April 29, 2003
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