New Rules for Multimarket Trading
Stanford Graduate School of BusinessWhen you trade stock, will it be on the NASDAQ, the NYSE, or the American Stock Exchange? Will it be in New York, London, Tokyo, or perhaps Bangkok or Paris? Electronic market access has made buying and selling the same security in more than one market an increasingly widespread practice both within and across countries, raising the issue of how markets should be regulated as stocks are traded around the clock and around the globe.