ISBN:
9783031369148
Language:
English
Pages:
1 Online-Ressource (X, 100 p. 12 illus., 11 illus. in color.)
Series Statement:
Zicklin School of Business Financial Markets Series
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Keywords:
Business enterprises
;
Risk management.
;
Financial services industry.
;
Liquidity provisions
;
Exchange-traded funds (ETFs)
;
Robo-advisors (Robos)
;
Mid and small-cap liquidity provisions
;
Trading Small Cap Equities
;
Michael S. Piwowar
;
Konferenzschrift
Abstract:
1. Indexing, ETFs and Robos - Are Stocks an Endangered Species? -- 2. How Technology is Transforming Liquidity Provision -- 3. Liquidity – A Fluid Concept from a European View -- 4. What Can Be Done to Drive Mid- and Small-Cap Liquidity? -- 5. New Approaches for Creating Liquidity -- 6. Fireside Chat: Michael S. Piwowar, U.S. Securities & Exchange Commission.
Abstract:
In market structure, we tend to be equity focused, but one of the challenges is liquidity creation. This book examines liquidity creation and regulation. Based on the Baruch College Financial Markets Conference, Liquidity: How to Find it, Regulate it, Get it, this book examines the following questions: Where does liquidity come from? How should liquidity be supplied? What is needed when creating a new platform to provide an environment of liquidity? How do you prepare for liquidity provision concerning market investors, regulatory infrastructure, and technical infrastructure? How do you create liquidity in different asset classes? What is the role of the alternative trading system (ATS) structure within the exchange regulatory framework? What global trends are affecting liquidity creation? Also covered are the popularity of indexing, exchange-traded funds (ETFs) and Robo-advisers (Robos); how technology is transforming liquidity provision, mid and small-cap liquidity provision and new approaches to liquidity creation. An interview with Former Commissioner of the U.S. Securities and Exchange Commission, Michael S. Piwowar is also featured. The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panellists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.
Note:
"The title of this Conference is, "Liquidity: How to Find it, Regulate it, Get It." I could have started with how to defne it!" - Seite v
DOI:
10.1007/978-3-031-36914-8
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