| Titre | Emerging global computer and electronic information systems and their challenge to world stock markets | |
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| Auteur | Stephen Salsbury | |
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Revue | Flux |
| Numéro | no 7, janvier-mars 1992 | |
| Page | 27-40 | |
| Résumé anglais |
Stephen SALSBURY, Emerging global computer and electronic information systems and their challenge to world stock markets. This article examines the emergence of trading procedures on world stock exchanges with particular attention to New York, Sydney and Toronto. It examines how exchanges solve the problem of providing a free, fair and liquid market where individuals and corporations can conduct transactions in an efficient manner than minimises risks. The paper analyses how this was done in the pre-electronic era and then examines the emergence of computerised trading and information systems that transmit stock market activity in real time on a global basis. The paper explains why this may shift businesses from traditional markets such as the New York Stock Exchange to new markets which will arise under the control of institutions such as INSTTNET. The paper also explains why national regulatory systems at present cannot cope with these changes. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/flux_1154-2721_1992_num_8_7_1166 |
