Facing New Regulatory Frameworks in Securities Trading
Posted: 10 Jun 2008
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
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