Stock Exchange Law: Concept, History, Challenges

Abstract

The fundamentals of stock exchange law have received less attention than their economic, social, political, and legal weight calls for. This paper aims to change that. First, we point readers to the concept and history of stock exchange law as an important subject for contemporary research. Second, we hope to inspire such research by presenting a brief overview of the most important sources that could form the core of a comprehensive study. As we explain in light of recent developments, there are good reasons to believe that the long history of stock exchange law is about to enter into a new era.

Note: This article is published in this Research Paper Series with the kind permission of the Virginia Law & Business Review in accordance with its Copyright Agreement.

Keywords: stock exchange, bourse, securities trading, demutualization, internationalization, market fragmentation, algorithmic trading

JEL Classification: G15, G18, G28, G32, G38, K22, L33, N20, N40