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Unregulated Markets

In: Italian Banking and Financial Law

Author

Listed:
  • Fabrizio Plateroti

Abstract

Technological innovation has made significant changes in the structure and the organization of markets. On one hand, we have seen a rapid change in the traditional exchange venues; from the dealing rooms on the floors of the Stock Exchanges we moved to virtual environments where today’s IT systems allow computerized trading by financial instruments. But on the other, the effects of technological innovation have become apparent on the competitive side; the use of IT systems for the management of trading orders has encouraged the rise of trading venues other than traditional stock exchanges, such as unregulated markets.

Suggested Citation

  • Fabrizio Plateroti, 2015. "Unregulated Markets," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Domenico Siclari (ed.), Italian Banking and Financial Law, chapter 8, pages 197-211, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-50756-3_8
    DOI: 10.1057/9781137507563_8
    as

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