Monday December 16 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
The International Organization of Securities Commissions has published its final report on Regulatory Issues Raised by Changes in Market Structure, which makes four recommendations that seek to promote market liquidity and efficiency, price transparency, and investors’ execution quality in a fragmented environment.
The report identifies possible outstanding issues and risks posed by the existing or developing market structures and it describes how these risks should be addressed. Finally, it recommends that regulators monitor the impact of fragmentation on market quality.
The report looks at the trading of equities and exchange-traded funds on the most common trading spaces identified in a survey of different jurisdictions, including exchange trading market systems, non-exchange trading market systems, and trading over the counter. It does not include trading of derivatives products.
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