5

Regulators

Nearly every trading market in the world has at least one and sometimes several national regulators. A few markets have no regulator because of tradition or, more frequently, because the market spans several national boundaries. Often when nations compete for control of a market, the result is little or no regulation. Even in markets with little governmental regulation, the market participants regulate themselves formally or informally. Figure 1.5 identifies regulators in the trading markets.

image

Figure 1.5 Regulators supervise markets for governments and/or for market participants.

Regulators: purpose

Unregulated markets depend on collective ...

Get An Introduction to Trading in the Financial Markets: Market Basics now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.