Author : United States. General Accounting Office
Release : 1990
Genre : Securities
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Securities Trading--SEC Action Needed to Address National Market System Issues - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Securities Trading--SEC Action Needed to Address National Market System Issues write by United States. General Accounting Office. This book was released on 1990. Securities Trading--SEC Action Needed to Address National Market System Issues available in PDF, EPUB and Kindle. The October 1987 stock market crash raised critical questions concerning the efficiency, competitiveness, and fairness of U.S. securities markets. Many experts questioned the structure of the marketplace and its ability to both withstand periods of high stress and operate efficiently in ordinary times. Market experts and analysts have debated these questions since the crash. Renewed volatility in the markets, as indicated by the 190-point drop on October 13, 1989, and the subsequent record gained the following week, has again created doubt about whether the financial markets are properly designed to meet the demands placed upon them. To identify market structure issues, GAO met with federal regulators, exchange and over-the-counter market officials, market professionals, institutional investors, and academics. GAO evaluated what should be done to address the most important issues identified through these discussions-trading restrictions, market links, and options trading.