IDEAS home Printed from https://ideas.repec.org/a/sen/journl/v7i4y2006p497-515.html
   My bibliography  Save this article

Reg NMS and Competition in the Alternatove Trading System in the U.S

Author

Listed:
  • A. Gentzoglanis

Abstract

Recent technological and regulatory changes have brought about dramatic changes in the structure, conduct and performance of the securities industry in the USA and elsewhere. Trading venues such as ECNs, CNs and other ATSs compete head to head with the traditional exchanges. The SEC has recently adopted the so-called Reg NMS regulation whose major thrust is the order-protection rule. The latter makes regulation symmetric and provides a fairer level of competition. In anticipation of this regulation, the US industry has entered into a profound restructuring. The emerging industry structure, although oligopolistic, is more competitive. Reg NMS is thus a Pareto improving policy.

Suggested Citation

  • A. Gentzoglanis, 2006. "Reg NMS and Competition in the Alternatove Trading System in the U.S," Competition and Regulation in Network Industries, Intersentia, vol. 7(4), pages 497-515, December.
    • Handle: RePEc:sen:journl:v:7:i:4:y:2006:p:497-515
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sen:journl:v:7:i:4:y:2006:p:497-515. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Petra Van den Bempt (email available below). General contact details of provider: http://www.crninet.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.