Название	Государственное регулирование интернет-торговли акциями
Количество страниц	95
ВУЗ	ФАПРФ
Год сдачи	2009
Содержание	ПЛАН Введение 3 1. Влияние сети Интернет на рынок ценных бумаг 5 1.1. Интернет: прошлое и настоящее 5 1.2 Основные характеристики Интернет 8 1.3. Тенденции в развитии рынков ценных бумаг в связи с 12 использованием Интернет - технологий. 1.4 Новые явления, возникшие на рынке ценных бумаг в связи с 23 появлением Интернет 1.4.1 Альтернативные торговые системы 23 1.4.2 Интернет - брокеры 34 2. Регулирование торговли ценными бумагами через Интернет 40 2.1. Принципы регулирования рынков ценных бумаг при переходе 40 на Интернет- технологии. 2.2. Опыт США по регулированию Интернет - торговли ценными 48 бумагами. 3. Перспективы развития торговли ценными бумагами с 60 использованием сети Интернет на российском фондовом рынке и возможности для ее регулирования. 3.1 Проблемы и перспективы применения Интернет- технологий на 60 фондовом рынке России. 3.2 Текущее состояние Интернет- торговли ценными бумагами в 63 России. 3.3. Возможности для государственного регулирования торговли 71 ценными бумагами через Интернет. Заключение 84 Приложения 87 Список литературы 91
Список литературы	Список литературы 1. A Report On The Problems And Promise Of The Online Brokerage Industry, November 22, 1999, Office Of New York State Attorney General Eliot Spitzer 2. After-hours Trading: Are Retail Investors Ready for Prime Time?, Remarks by Laura S. Unger, Commissioner, U.S. Securities & Exchange Commission at the 1999 Arthur Page Society Spring Seminar, New York Stock Exchange, SEC Speech, April 7, 1999. www.sec.gov 3. After Hours Trading Guide, www.reuters.com 4. Speech Before the Senate Permanent Subcommittee on Investigations Committee on Governmental Affairs, Concerning Day Trading, Arthur Levitt , Chairman of the U.S. Securities and Exchange Commission, SEC Speech, September 16, 1999,www.sec.gov 5. Breaking The Syndicate - Online Underwriters Haven't Delivered Much to Investors Yet. But They've Got Wall Street Running Scared, Institutional Investor, June, 1999, www.instinet.com 6. Breaking Through the Complacency Barrier, www.instinet.com 7. Brokerage Firms in the U.S. Invest In Tradepoint Electronic Exchange, Wall Street Journal, May 7, 1999, www.wsj.com 8. Canadian Alternative Trading Systems To Be Regulated, July 2, 1999, www.canoe.ca 9. Concerning the Effect of Technology on the Capital Markets, Written Statement of Laura S. Unger Commissioner U.S. Securities and Exchange Commission, Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises Committee , www.sec.gov 10. Corporate Governance: Integrity In The Information Age, Tulane University New Orleans, Louisiana, March 12, 1998 11. Day trading has nothing to do with investing, Humberto Cruz, Milwaukee Journal Sentinel, May 24, 1999 12. Day trading is on rise in volatile markets, Joe Heim, November 16, 1998, The Seattle Times, www.stimes.com 13. Day trading is on rise in volatile markets, Joe Heim, The Seattle Times, November 16, 1998, www.stimes.com 14. Denis T. 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ECNs Agree To Link: Electronic Communications Networks To Consolidate Quotes, Trades,CNNfn,September15,1999 http://cnnfn.com/1999/09/15/markets/q_ecnupdate/ 21. Electronic-Trading Firms Generate Buzz, Few Bucks, Wall Street Journal, December 2, www.wsj.com 22. Electronic Trading Networks Taking On Staid Wall Street, Investor’s Business Daily, July 13, 1999, www.instinet.com 23. Electronic Trading: SEC Weighs Tighter Control of Alternative System, Dominic Bencivenga, The New York Law Journal, June 5, 1997 24. Fidelity, Schwab plan ECN. Boston fund giant, Schwab among four partners in new ECN venture, CNNfn, July 21, 1999, www.cnnfn.com 25. Financial Literacy and Role of the Media, Remarks by Chairman Arthur Levitt, U.S. Securities & Exchange Commission at the Media Studies Center, New York, N.Y., SEC Speech, April 26, 1999 26. Franklin Allen, Anthony M. Santomero, What Do Financial Intermediaries Do? Wharton Business School, Working papers, www.wharton.edu 27. Getting to Know You: Dealing with the Wired Investor, Remarks by Commissioner Laura S. Unger, U.S. Securities & Exchange Commission at the American Society of Corporate Secretaries, Greenbrier, West Virginia, SEC Speech, June 25, 1999 28. Impact of the Internet on Securities Regulation, IOSCO 1998, www.iosco.org 29. Instinet Buys Archipelago Stake, Financial Times, July 28, 1999, www.instinet.com 30. Investor Protection In The Age Of Technology, Remarks by Chairman Arthur Levitt U.S. Securities And Exchange Commission, Salt Lake City, Utah, March 6, 1998 92 31. Laura Maery Gold, Dan Post, Boot Your Broker! A Do It Yourself Kit for Online Investing, QUE Corp., 1997 32. Lorin M. Hitt, Frances X. Frei Do Better Customers Utilize Electronic Distribution Channels? The Case of PC BankingWharton Business School, Working papers, www.wharton.edu 33. Lorin M. Hitt, Frances X. Frei, Patrick T. Harker How Financial Firms Deside on Technology, Wharton Business School, Working papers, www.wharton.edu 34. Marc Beauchamp, State securities regulators highlight problems with day trading, August 9, 1999, www.nasaa.org 35. Measuring ECN Volumes--Which Way Is Up?, www.instinet.com 36. Nasdaq Extends Functions.Market To Offer Back-Office Services Later To Support After-Hours Trading, CNNfn, August 27, 1999, www.cnnfn.com 37. Report of the day trading project group, August 9, 1999, North American Securities Administrators Association, Inc.,www.nasaa.org 38. Objectives and Principles of Securities Regulation, IOSCO, www.iosco.org 39. Olav Torvund, Electronic Trading - legal aspects, Oslo 1995, http://www.jus.uio.no/iri/nrccl.html 40. On-Line Brokerage: Keeping Apace of Cyberspace, September 30, 1999, www.sec.gov 41. Online Investors: Do the Slow Die First?, Brad M. Barber, November 1999, www.gsm.ucdavis/~bmbarber 42. Plain Talk About On-line Investing, Remarks by Chairman Arthur Levitt, U.S. Securities & Exchange Commission at the National Press Club, SEC Speech, May 4, 1999, www.sec.gov 43. Privacy And Self-Regulation In The Information Age, U.S. Department Of Commerce, June, 1997 44. Regulating on Internet Time, Remarks by Commissioner Laura S. Unger, U.S. Securities & Exchange Commission, Conference on Integrating Technological Advances for Online Brokerages, New York, New York, SEC Speech, September 22, 1999.www.sec.gov 45. Regulation of Exchanges and Alternative Trading Systems, Securities and Exchange Commission Release No. 34-40760; File No. S7-12-98, www.sec.gov 46. Regulation of U.S. Equity Markets: Implications for Innovation, Competition, & Efficiency, Remarks by Laura S. Unger, Commissioner, U.S. Securities & Exchange Commission, At the Baruch Conference, SEC Speech, March 17, 1999,www.sec.gov 93 47. Report Of The Day Trading NASAA Project Group Findings And Recommendations, August 9, 1999 48. Risk Management for Electronic Banking and Electronic Money Activities, Basle Committee on Banking Supervision, Basle, March 1998,www.bis.org 49. Roberta S. Karmel, What Trading Systems and Exchanges?, December 18, 1997, www.ljx.com 50. Ronald L. Johnson, Investment Consultant, Day Trading: An Analysis of Public Day Trading at a Retail Day Trading Firm, www.nasaa.org 51. Recordkeeping and Reporting Requiremens For Trading Systems Operated by Brokers and Dealers, US Securities and Exchange Commission, Release No. 34-35124, File No. S7-3-94, http://www.sec.gow/rules/final/17a23.txt52. 53. SEC Probes Wrongdoing At Day Trading Firms, September 16, 1999, www.canoe.ca 54. Senate To Hold Hearing On Day Trading, September 8, 1999, www.canoe.ca 55. Staff Writer Alex Frew McMillan, Why not central regulation? Streamlined oversight of stock markets may well be on its way, and needed, September 21, 1999, http://cnnfn.com/1999/09/21/markets/unified/ 56. The Convergence of Securities Law and the Internet, Michael Rowan, http://www.smartbiz.com 57. The Effects of Market Reform on the Trading Costs and Depths of Nasdaq Stocks, Michael J. Barclay, William G. Christie, Jeffrey H. Harris, Eugene Kandel, Working Papers, www.wharton.edu 58. The Electronic Marketplace: ECNs or No ECNs? That is the Question As Instinet Hedges Its Bets on Trading's Future, Global Investment Technology, August 30, 1999, www.instinet.com 59. The European Internet Report, June 1999, Morgan Stanley, Dean Witter Research,www.msdw.com 60. The Internet - Will It Be the End of the Stock Market as We Know It?, Remarks by Laura S. Unger, Commissioner, U.S. Securities & Exchange Commission, Business Week Panel, National Press Club, Washington, DC, SEC Speech, June 22, 1999 61. The Internet and Financial Services, Aug 1999, Morgan Stanley, Dean Witter Research,www.msdw.com 62. The Internet and Online Trading, www.sec.gov 63. The Internet Company Handbook, June 1999, Morgan Stanley Dean Witter Research,msdw.com 94 64. Think Globally, Destroy Locally. How Instinet Plans To Dominate the World, Fortune International, August 16, 1999, www.instinet.com 65. Trading Online, Alpesh B. Patel, Financial Times (Management), Pitman Publishing, 1999. 66. U.S. Banks Put Money Into U.K. Share Trading System, Financial Times, May 7, 1999, www.instinet.com 67. What ECNs Mean To You? It's Tough For Investors To Tell, But They Can Benefit From New Markets, CnnFn, August 10, 1999, www.cnnfn.com
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