Mission NASDAQ ", to contribute to the formation of capital" is threatened by the emergence of electronic communications networks, which are not as heavily regulated by SEC. This case is the development of NASDAQ and its evolution from a loose network of brokers-dealers to the proposed SuperMontage. SuperMontage is a centralized order book, where several parties can place orders (both buy and sell) the shares they wish to sell, and where the entire supply and demand curves can be displayed. To understand the context, students will learn about the structure of the capital markets and why it concerns of regulators and investors. "Hide
by Andre F. Perold, Austin SCEE Source: Harvard Business School 28 pages. Publication Date: July 16, 2001. Prod. #: 202008-PDF-ENG