Abstract
Financial trades have several stages. I will classify them into the following three: (1) monitoring and exchanging market information; (2) order matching and contract agreement between counterparties, which may include confirmation of trades; and (3) clearing and settlement. It is important to consider all three stages when discussing any screen-based markets. Advances in computer and communications network technology have changed the ways and means of all these stages from manual or telephone-based to computer-based network processing.
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© 1992 Springer Science+Business Media New York
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Kuroda, I. (1992). Screen-Based Trading in Japanese Financial Markets. In: Edwards, F.R., Patrick, H.T. (eds) Regulating International Financial Markets: Issues and Policies. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3880-2_17
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DOI: https://doi.org/10.1007/978-94-011-3880-2_17
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5727-1
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