Foreign trading screens in the United States

Capital Markets Law Journal

Volumn 1, Issue 1, 2006, Pages 54-76

  Jackson, Howell E ^a   Fleckner, Andreas M ^a   Gurevich, Mark ^a  

^a HARVARD LAW SCHOOL   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85028585746     PISSN: 17507219     EISSN: 17507227     Source Type: Journal    
DOI: 10.1093/cmlj/kml003     Document Type: Article

References (34)

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2. Heiko Beck, Grenzüberschreitende Tätigkeit und Zusammenarbeit von Börsen, in: Bankrecht und Kapitalmarktrecht in der Entwicklung, Festschrift für Siegfried Kümpel (Jens Ekkenga et al. eds, 2003), p.20, 46 (hereinafter: Tätigkeit und Zusammenarbeit von Börsen)
3. Frits Bolkestein, Towards an Integrated European Capital Market, Some of the Major Issues Reconsidered, Speech on 13 June 2003, London, UK (available at http://www.fese.be/efmc/2003/report/efmc-bolkestein.htm)
4. European Commission, Green Paper on Financial Services Policy (2005-2010), COM (2005) 177, from 3 May 2005, Annex I, p.15 (available at http://europa.eu.int/comm/internal-market/finances/docs/actionplan/index/green-a1-en.pdf)
5. European Association for Listed Companies, EALIC's Answer to the Commission's Green Paper on Financial Services Policy 7 (1 August 2005) (available at http://www.ealic.com/openfree.php?lien=docs/consultation-list/greenpaper050801-ealicanswer-tocommissionpdf.pdf).
6. Roel C. Campos, Convergence and Beyond, Speech on 15 November 2003, US-Europe Symposium, Programme on International Financial Systems, Armonk, N.Y. (available at http://www.sec.gov/news/speech/spch111503rcc.htm) [hereinafter: Convergence and Beyond].
7. William H. Donaldson, SEC Chairman Addresses U.S.-EU Regulatory Cooperation, Speech on 26 January 2004, Brussels, Belgium, (available at http://www.useu.be/Categories/CorporateGovernance/Jan2604DonaldsonSpeechEPC.html).
8. Andreas M. Fleckner, Stock Exchanges at the Crossroads, 74 Fordham L Rev 2541, 2550-2554 (2006) (also available at http://papers.ssrn.com/sol3/papers.cfm?abstract-id=836464).
9. Paul G. Mahoney, The Exchange as Regulator, 83 Va L Rev 1453, 1464 (1997).
10. Stephen Choi, Regulating Investors Not Issuers: A Market-Based Proposal, 88 Cal L Rev 279, 280-283 (2000).
11. Craig Pirrong, Thirty Years War, Regulation, Summer 2005, p.54.
12. Paul D. Cohen, Securities Trading Via the Internet, 4 Stan J L Bus & Fin 1, 19 (1999).
13. Derek W. Kaczmarek, Note: The SEC's Role in the Global Era: How the SEC Will Protect U.S. Investors in Foreign Markets, 9 Ind J Global Leg Stud 529, 550 (2002).
14. Diana B. Henriques, Testing an Emerging Market-Can Wall St.'s Old Guards Cope With the New Trading, N.Y. Times, 12 May 1999, p.C1.
15. http://www.cftc.gov/dea/deausfesubmissions-and-comments-table.htm.
16. Sharon Brown-Hruska, Market Competition and Regulatory Cooperation: A New Dynamic in US-EU Financial Relations, Speech on 24 May 2005, Brussels, Belgium (available at http://cftc.gov/opa/speeches05/opabrownhruska32.htm).
17. Elizabeth M. McCarroll, Note: Regulation of Electronic Communications Networks-An Examination of Tradepoint Financial Network's SEC Approval to Become the First Non-American Exchange to Operate in the United States, 33 Cornell Int'l L J 211 239 (2000).
18. Roger D. Blanc, Broker Dealer Regulation: 13 Letters Regarding SEC File No. S7-16-97, ALI-ABA Course of Study Materials 33 (8 January 1998).
19. Deutsche Börse, Comment on Securities and Exchange Commission File No. S7-16-97 (3 October 1997) (available at http://www.sec.gov/rules/concept/s71697/franke1.htm).
20. See http://www.eurexchange.com/marketaccess/search/findaMember.html.
21. Howell E. Jackson, Variation in the Intensity of Financial Regulation: Preliminary Evidence and Potential Implications (working paper; August 2005; available at http://www.law.harvard.edu/programs/olin-center/corporate-governance/papers/Jackson-521.pdf);
22. Howell E. Jackson, An American Perspective on the U.K. Financial Services Authority: Politics, Goals & Regulatory Intensity (working paper, August 2005; available at http://www.law.harvard.edu/programs/olin-center/corporate-governance/papers/Jackson-522.pdf).
23. Fabian Reuschle and Andreas M. Fleckner, Börsenähnliche Einrichtungen-die privatrechtliche Organisation einer Börse im materiellen Sinne, 2 Zeitschrift für Bank- und Kapitalmarktrecht 617, 620 (2002).
24. Benn Steil, Is Exchange Reciprocity Doomed? Not At All: The Goal of a Vast, Integrated Transatlantic Securities Market Would Increase Investment Returns, Lower Capital Costs and Increase Growth, Editorial, National Post, 27 March 2003.
25. Benn Steil, U.S. Regulator Punishes Old Europe, Financial News, 20 April 2003.
26. Roel C. Campos, Embracing International Business in the Post-Enron Era, Speech on 11 June 2003, Centre for European Policy Studies, Brussels, Belgium (available at http://www.sec.gov/news/speech/spch061103rcc.htm) (hereinafter: Embracing International Business).
27. David Reilly, Plan Would Let Exchanges Sell to U.S. Investors, The Wall Street Journal Europe, 14 October 2002, p.M1; SEC's Campos Tells Foreign Markets No Easy Access to U.S., Wall Street Letter, 16 June 2003.
28. Aaron C. Ball and Thomas R. Rus, Rule 15a-6 and Beyond: Are US Rules for Non-US Broker-Dealers Workable in Today's Global Marketplace?, 29 U Balt L Rev 175, 182 (2000).
29. http://deutsche-boerse.com/dbag/dispatch/de/notescontent/gdb-navigation/info-center/25-FWB-Information40-Market-Participants/40-Xetra-Countries/page/INTEGRATE/infoxetra?doc=xetra-teilnehmer).
30. Tom Williams & Michael Evans, E.U. Fights U.S. Rejection Of Mutual Recognition For Securities Trading, Int'l Fin L Rev, 1 July 2003, p.5.
31. Peter McKay, Eurex Futures Market Enters the Forex Fray, The Wall Street Journal, 14 June 2005, p.C3.
32. Stephanie Kirchgaessner, SEC and FSA to discuss exchanges, Financial Times, 26 April 2006, p.23.
33. Memorandum of Understanding [between FASB and IASB]-'The Norwalk Agreement' (18 September 2002), available at http://www.fasb.org/news/memorandum.pdf.
34. Stavros Gkantinis, IFRS and US GAAP: Convergence and Equivalence (12 September 2005)