Global Securities Markets: Navigating the World's Exchanges and OTC Markets

Conclusion

International investing poses challenges like none other. Of course, that is what makes it exciting for investors and market professionals alike. The most recent financial panic in 2008 has brought about a renewed call for international cooperation across securities markets. Just as the EU has set forth on a determined course to unify its securities markets, it is logical that other regions like the Middle East and Asia will follow. However, as long as there are national borders and as long as national regulators retain powers not superseded by a supranational body, cross-border challenges will remain and will need to be understood. Hopefully, this book has helped.

If this book has succeeded1 in its mission, the reader is in a better position after reading it to understand the international markets and the associated challenges of executing, clearing, and safekeeping securities in those markets.

1. What is success? In a quote often misattributed to Ralph Waldo Emerson (but actually by Bessie A. Stanley), “he has achieved success who has lived well, laughed often, and loved much; … [and enjoyed] the respect of intelligent men and the love of little children.…” Joseph Mitchell Chapple, ed., Heart Throbs, Vol. II, Boston: Chapple Publishing Co., 1911. p. 1–2. With respect to the respect of intelligent men and women, constructive criticism of this book is welcomed at [e-mail]