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Full-Text Articles in Securities Law
The Market For Markets: Development Of International Securities And Commodities Trading, Charles C. Cox, Douglas C. Michael
The Market For Markets: Development Of International Securities And Commodities Trading, Charles C. Cox, Douglas C. Michael
Law Faculty Scholarly Articles
International Linkage of securities exchanges is an idea unheard of not long ago, but whose time has come quickly. Since 1984, five different links have been created between United States securities or commodities exchanges and counterparts abroad. Three other links have been proposed, and several more are being informally discussed. At the same time, financial firms are investing in in-house international trading technology. The exchanges are battling the development of these in-house trading links for the expanding business in international securities and commodities trading, attempting to persuade traders to use linked markets rather than their own internal connections. “Each exchange …