Förlagets beskrivning
Original publisher: Washington : U.S. G.P.O. : For sale by the Supt. of Docs., U.S. G.P.O., 2007. LC Number: KF26 .B39 2005v OCLC Number: (OCoLC)144804180 Subject: Stock exchanges -- Law and legislation -- United States. Excerpt: ... 11 vestor by providing an open and transparent marketplace, there re-mains one final challenge: How do we unleash these benefits on as wide a scale as possible without sacrificing investor protection or the integrity of our capital markets? How can we continue the proc-ess of democratizing the markets? Long before electronic markets were even a glimmer in anyone's eye, Congress anticipated exactly what rules should guide us. In 1975, Congress created a national market system with the goal of creating a more efficient and transparent market. We could not have asked for a better building block. Over the subsequent dec-ades, the SEC has worked hard to strengthen and improve this regulatory structure. While Instinet had particular concerns with some of the elements in the recently approved Regulation NMS, I do commend Chairman Donaldson for finally resolving many of the outstanding market structure issues and setting forth a clear and definitive regulatory roadmap for the U.S. equities as a whole. There are many different models currently used in the equity markets, and with entry becoming even cheaper and easier, over the coming months and years I have no doubt more will emerge. Each model has its supporters and detractors. But what history does teach us is that regardless of the model, two principles must hold into the future. First, competition must continue to be per-mitted to flourish between the different models, but in a manner that safeguards the integrity of our markets. Second, market structure must remain free from unfair advan-tages and unreasonable barriers. While much has changed since I sat in that small downtown of-fice with my young colleagues, we must remain vigilant in the pro-tection of our free markets from over-r
Fler böcker av United States. Congress. Senate
Liknande böcker
Recensioner
Den här boken har tyvärr inte några recensioner ännu. Om du redan läst boken, skriv en recension!
Recensera boken
Skriv en recension och dela dina åsikter med andra. Försök att fokusera på bokens innehåll. Läs våra instruktioner för mer information.
Regulation NMS and recent market developments: hearings before the Committee on Banking, Housing, and Urban Affairs, United States Senate
Bokrecensioner » Regulation NMS and recent market developments: hearings before the Committee on Banking, Housing, and Urban Affairs, United States Senate
|
|
 |
|
|
|
|
