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Article: An Integrated Trading Environment: To Improve Market Transparency and Efficiency

TitleAn Integrated Trading Environment: To Improve Market Transparency and Efficiency
Authors
Issue Date1-Dec-2002
PublisherWorld Scientific Publishing
Citation
Review of Pacific Basin Financial Markets and Policies, 2002, v. 5, n. 4 How to Cite?
Abstract

During the 1997 financial turmoil, the overall boom and slump was mainly due to the collapse of ill-informed speculation and a non-regulated stock market system. This collapse has probably created mistrust among the public and greatly impaired confidence in securities as an investment. From this painful experience, the government should control share prices and prevent extreme fluctuations by improving the transparency and efficiency in trading information transmission, market monitoring and document disclosure.

Therefore, online trading system, cross-market monitoring system and electronic filing system will be recommended in order to improve the low transparency and efficiency of financial information transmission. More importantly, all the information in these systems is inter-related for market monitoring or financial analysis. Thus, an integrated trading environment results in order to reduce redundancy work, error prone and information inefficiency.


Persistent Identifierhttp://hdl.handle.net/10722/335554
ISSN
2023 Impact Factor: 0.3
2023 SCImago Journal Rankings: 0.171

 

DC FieldValueLanguage
dc.contributor.authorLau, Sau Mui-
dc.date.accessioned2023-11-28T09:43:33Z-
dc.date.available2023-11-28T09:43:33Z-
dc.date.issued2002-12-01-
dc.identifier.citationReview of Pacific Basin Financial Markets and Policies, 2002, v. 5, n. 4-
dc.identifier.issn0219-0915-
dc.identifier.urihttp://hdl.handle.net/10722/335554-
dc.description.abstract<p>During the 1997 financial turmoil, the overall boom and slump was mainly due to the collapse of ill-informed speculation and a non-regulated stock market system. This collapse has probably created mistrust among the public and greatly impaired confidence in securities as an investment. From this painful experience, the government should control share prices and prevent extreme fluctuations by improving the transparency and efficiency in trading information transmission, market monitoring and document disclosure.</p><p>Therefore, online trading system, cross-market monitoring system and electronic filing system will be recommended in order to improve the low transparency and efficiency of financial information transmission. More importantly, all the information in these systems is inter-related for market monitoring or financial analysis. Thus, an integrated trading environment results in order to reduce redundancy work, error prone and information inefficiency.</p>-
dc.languageeng-
dc.publisherWorld Scientific Publishing-
dc.relation.ispartofReview of Pacific Basin Financial Markets and Policies-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.titleAn Integrated Trading Environment: To Improve Market Transparency and Efficiency-
dc.typeArticle-
dc.identifier.doi10.1142/S0219091502000870-
dc.identifier.volume5-
dc.identifier.issue4-
dc.identifier.eissn1793-6705-
dc.identifier.issnl0219-0915-

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