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Erschienen in:
2015 | OriginalPaper | Buchkapitel
Unregulated Markets
verfasst von : Fabrizio Plateroti
Erschienen in: Italian Banking and Financial Law
Verlag: Palgrave Macmillan UK
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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.