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The Structure, regulation, and transparency of European equity markets under MiFID

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cam a22000004b 4500
001  MAP20110005986
003  MAP
005  20110202110306.0
008  110202s2011 usa|||| ||| ||eng d
020  ‎$a‎978-0-938367-38-3
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921.9
24514‎$a‎The Structure, regulation, and transparency of European equity markets under MiFID
260  ‎$a‎New York [etc.]‎$b‎CFA Institute‎$c‎cop. 2011
520  ‎$a‎The structure and regulation of European equity markets have been the focus of much scrutiny by investors and policymakers in the three years since the implementation of the Markets in financial Instruments Directive (MiFID). Over this period, new trading venues and execution facilities have developed, spurred by regulatory changes and technology, which have increased competition and have fragmented markets. In this report, the authors examine the structure of European equity markets and the regulatory framework applicable to the different types of trading venues, focusing on the transparency obligations pertaining to each venue and type of trade. They examine reported trade data to determine the transparency of the markets and consider the relationship between transparency and market quality, measured by bidoffer spreads. They offer policy considerations on the basis of the findings
650 1‎$0‎MAPA20080597641‎$a‎Mercados financieros
650 1‎$0‎MAPA20080614508‎$a‎Instrumentos financieros
650 1‎$0‎MAPA20080602741‎$a‎Normativa comunitaria
650 1‎$0‎MAPA20080615703‎$a‎Transparencia financiera
650 1‎$0‎MAPA20080570422‎$a‎Renta variable
651 1‎$0‎MAPA20080640255‎$a‎Unión Europea
7102 ‎$0‎MAPA20110002275‎$a‎CFA Institute