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Author : United States. Congress. House. Committee on Financial Services
Publisher : Unknown
Page : 228 pages
File Size : 52,7 Mb
Release : 2008
Category : Business & Economics
ISBN : PSU:000065527887
Author : United States House of Representatives,Committee on Financial Services (house),United S. Congress
Publisher : Unknown
Page : 228 pages
File Size : 50,6 Mb
Release : 2019-10-22
Category : Electronic
ISBN : 1701629275
Auction rate securities market: a review of problems and potential resolutions
Author : United States. Congress. House. Committee on Financial Services
Publisher : Unknown
Page : 128 pages
File Size : 53,7 Mb
Release : 2008
Category : Electronic
ISBN : OCLC:1231226181
Author : Backgroundnow.com Staff
Publisher : www.BackgroundNow.com
Page : 40 pages
File Size : 45,5 Mb
Release : 2008-12-13
Category : Electronic
ISBN : 9781440493539
The SEC finalized settlements December-11 with Citigroup Global Markets, Inc. and UBS Securities LLC and UBS Financial Services, Inc. that will provide nearly $30 billion to customers who invested in auction rate securities before the market for those securities froze in February.
Author : Divisions of Research and Statistics and Monetary Affairs Federal Reserve Board,Divisions of Research and Statistics and
Publisher : CreateSpace
Page : 54 pages
File Size : 48,8 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 1500338338
We study the fragility of discretionary liquidity provision by major financial intermediaries during systemic events. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive data set constructed from auction reports and intraday transactions data on municipal ARS, we present quantitative evidence that auction dealers acted at their own discretion as “market makers” before the market collapsed. We show that this discretionary liquidity provision greatly affected both net investor demand and auction clearing rates. Importantly, such discretionary liquidity provision is fragile. As auction dealers suffered losses from other financial markets and faced increasing inventory pressure, they stopped making markets. Moreover, the drop in support occurred suddenly, apparently triggered by the unexpected withdrawal of one major broker-dealer.
Author : United States Congress House of Represen
Publisher : Unknown
Page : 230 pages
File Size : 41,5 Mb
Release : 2015-02-14
Category : Electronic
ISBN : 1297011732
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author : D. Andrew Austin
Publisher : Unknown
Page : 29 pages
File Size : 52,5 Mb
Release : 2008
Category : Auctions
ISBN : OCLC:1097411003
Author : Robert A. Schwartz
Publisher : Springer Science & Business Media
Page : 457 pages
File Size : 55,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461516972
ROBERT A. SCHWARTZ The primary objective of this book is to consider how the inclusion of electronic call auction trading would affect the performance of our U.S. equity markets. The papers it contains focus on the call auction and its role in a hybrid market struc ture. The purpose is to increase understanding of this trading environment, and to consider the design of a more efficient stock market. This book had its origin in a symposium, Electronic Call Market Trading, that was held at New York University's Salomon Center on April 20, 1995. Nearly 150 people from 16 different countries attended. At the time, three proprietary trading systems based on call auction principles (The Arizona Stock Exchange, Posit, and Instinet's Crossing Network) had been operating for several years and interest already existed in the procedure. Since the symposium, increasing use has been made of call auctions, primarily by the ParisBourse in its Nouveau Marchi: and CAC markets, by Deutsche Borse in its Xetra market, and in the U.S. by OptiMark. Rather than being used as stand alone systems, however, call auctions are now being interfaced with continuous markets so as to produce hybrid market structures, a development that is given considerable attention to in a number of the chapters in this book.
Author : Robert A. Schwartz,John Aidan Byrne,Antoinette Colaninno
Publisher : Springer Science & Business Media
Page : 171 pages
File Size : 49,5 Mb
Release : 2006-04-11
Category : Business & Economics
ISBN : 9780306479762
This book is based on the proceedings of The Electronic Call Auction: New Answers to Old Questions, a conference hosted by the Zicklin School of Business on May 16, 2000. The text includes the edited transcripts of the panel discussions and separate addresses by three major industry executives Douglas M. Atkin, formerly President and CEO, Instinet Corporation; Kenneth D. Pasternak, formerly President and CEO, Knight/Trimark Group, Inc., and William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange. The electronic call auction is an important trading vehicle in many market centers around the world, but is not well understood in the US. What are call auctions? How should they be designed and integrated with continuous trading in a hybrid market structure? As call auctions play a more central role in the US markets, how will they affect market quality in terms of transparency, order flow consolidation, and price discovery? These and other critical questions were asked at the conference while the efficiency of the US markets was broadly assessed.
Author : Frank J. Fabozzi
Publisher : John Wiley and Sons
Page : 480 pages
File Size : 43,6 Mb
Release : 2008-04-21
Category : Business & Economics
ISBN : 9780470304020
A Comprehensive Guide to All Aspects of Fixed Income Securities Fixed Income Securities, Second Edition sets the standard for a concise, complete explanation of the dynamics and opportunities inherent in today's fixed income marketplace. Frank Fabozzi combines all the various aspects of the fixed income market, including valuation, the interest rates of risk measurement, portfolio factors, and qualities of individual sectors, into an all-inclusive text with one cohesive voice. This comprehensive guide provides complete coverage of the wide range of fixed income securities, including: * U.S. Treasury securities * Agencies * Municipal securities * Asset-backed securities * Corporate and international bonds * Mortgage-backed securities, including CMOs * Collateralized debt obligations (CDOs) For the financial professional who needs to understand the fundamental and unique characteristics of fixed income securities, Fixed Income Securities, Second Edition offers the most up-to-date facts and formulas needed to navigate today's fast-changing financial markets. Increase your knowledge of this market and enhance your financial performance over the long-term with Fixed Income Securities, Second Edition. www.wileyfinance.com
Author : United States. Securities and Exchange Commission
Publisher : Unknown
Page : 1508 pages
File Size : 45,7 Mb
Release : 2007
Category : Securities
ISBN : OSU:32437122413269
Author : Melanie L. Fein
Publisher : Wolters Kluwer
Page : 1662 pages
File Size : 48,8 Mb
Release : 2011-12-20
Category : Law
ISBN : 9781454801245
"The Fourth Edition of a leading resource in the field, this valuable practice tool brings you completely up-to-date on the evolving laws governing banks' securities activities - from regulatory changes in the financial markets and administrative reform to recent court decisions and legislative reform, including the recently enacted Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act. Here is everything you need to help build a bank's securities business while avoiding compliance pitfalls. Securities Activities of Banks, Fourth Edition provides: In-depth discussions of the securities activities now permissible for banks, bank holding companies, and financial holding companies, Clear explanations of how securities laws affect banks' securities activities, A complete review of how banks are regulated - including foreign banks and affiliates, Up-to-date analysis of the evolution of the banking laws through agency and court decisions. Detailed descriptions and analyses illuminate the full range of current bank securities activities, including investment and trading activities, brokerage activities, investment advice, underwriting, mutual funds, international securities activities, derivative instruments, deposits and loans, fiduciary activities, and more."--Publisher's website.
Author : Alan Rechtschaffen
Publisher : Oxford University Press
Page : 384 pages
File Size : 53,8 Mb
Release : 2009-09-10
Category : Law
ISBN : 9780199713271
President Obama recently called for a new financial regulation system in the United States. In order to understand the intricacies of new regulation, individuals must have a strong foundation in how capital markets function as well as how financial instruments and derivatives work. Capital Markets, Derivatives, and the Law provides readers with the foundation necessary to make informed, well-reasoned decisions about capital market participation, derivative utilization, and adherence to existing and future regulations. This publication is an essential guide for attorneys and business professionals looking for an accessible resource to better understand the legal and business considerations of capital markets and derivatives transactions. This book offers expert insight into how derivatives work. The author also explores the structures of derivatives as well as how they are regulated and litigated. In the complex world of the current capital market upheaval, this book provides useful definitions, case law examples, and insight into structures, regulation, and litigation strategies.
Author : Johnson, Craig L.,Luby, Martin J.,Moldogaziev, Tima T.
Publisher : Edward Elgar Publishing
Page : 320 pages
File Size : 48,8 Mb
Release : 2021-11-09
Category : Business & Economics
ISBN : 9781800370937
The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nationÕs essential physical infrastructure.
Author : Anonim
Publisher : DIANE Publishing
Page : 18 pages
File Size : 41,5 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 9781457807053
