Views on the integrity of global capital markets

Market Structure


Assessing the Implications of Brexit: What Investment Professionals Need to Know

Brexit is moving forward, and the investment management industry needs to keep up with the effects it could have on business.

Has the Time Arrived for a Venture Market in the United States?

There is a growing interest in a venture exchange in the United States to list smaller and startup companies operating under relaxed listing and regulatory rules, and the time could be right.

An Assessment of Dual-Class Shares in Brazil: Evidence from the Novo Mercado Reform

Firms that moved to the Novo Mercado single-class structure experienced higher firm performance, but face continuing criticism that reforms did not eliminate the dominance of controlled companies.

CFA Institute Uses Behavioural Insights to Design a Better Prospectus Summary

Related to one of the first elements of EU’s Capital Markets Union initiative, CFA Institute proposes summary prospectus template that aims to address information overload.

Snapchat IPO: What’s Wrong with This Picture?

Investors demand high standards of governance at public companies, but Snap’s recent listing brings up the question of how far are shareholders willing to chase gains in exchange for their votes?

French Market Authority Report on High-Frequency Trading — No Surprises

Another jurisdiction has found that high-frequency trading has a mostly neutral or positive impact on market quality.

Primer on Shenzhen–Hong Kong Connect

Foreign investors can now more easily gain equity exposure in China and Chinese investors can diversify into shares listed in Hong Kong.

What Can Investors Learn from Financial History That Will Help Them Today?

Can modern investors learn anything from financial history? Leading academics and senior investment professionals look at the past and provide practical information for today. Categories: Market Structure

Future of the Global Economy? Experts at Investing Conference Say “Wait and See”

No one really knows at this point what impact President-elect Trump or the cabinet that he puts together will have on the global economy, capital markets, or financial industry.

Changes in Financial Regulation in the Time of Trump: Financial Choice Act

Broad-based proposed legislation could bring wide-sweeping reforms to financial market regulation and undo Dodd–Frank and the DOL Fiduciary Rule.

Secondary Corporate Bond Market Liquidity: What CFA Institute Members Think

The debate about whether bond market liquidity has deteriorated or not is a popular topic, and CFA Institute members had the chance to give their opinions on the subject.

Payment for Order Flow: UK Market More Competitive in Retail Trades After Ban?

Ban on payment for order flow positive for the quality of the UK market. Study finds that the proportion of retail trades executing at best quoted prices increased — a win for market integrity.

Euromoney Blockchain Forum: A Collaborative Jump from Hype to Reality

Improving efficiency and reducing costs of existing systems has become the motivation for adopting blockchain technology, and asset managers should get involved early in the implementation process.

Why Funding SMEs Within the EU Capital Markets Union Action Plan Is Challenging

Is shadow banking a way to get SMEs the funding they need? The EU’s policy environment, the conundrum European banks are caught in — these are issues Josina Kamerling discusses in a recent interview.

SEC OKs IEX Application; Can “Flash Boys” Hero Improve Market for Investors?

IEX got approval from the SEC on 17 June to become the 13th registered stock exchange, as of August. Can IEX bring its intended benefits to investors? Will NASDAQ challenge the SEC’s decision?



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