Transparencia Y Principio De Mejor Ejecución (Transparency and the Best Execution Principle)

Abstract

This paper examines some of the determining factors for market transparency and efficiency in the light of the changes taking place on European securities markets, particularly the surge in competition between traditional exchanges, the emergence of alternative trading systems that rival with them for business, and the internationalisation of orders under way at investment firms.

Note: Downloadable Document is in Spanish.