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Changes in Governance, Market Structure and Strategy在治理的变化,市场结构和市场策略

Changes in Governance, Market Structure and Strategy在治理的变化,市场结构和市场策略
课程网址: http://videolectures.net/mitworld_thain_ck/  
主讲教师: John Thain
开课单位: CIT集团
开课时间: 2013-08-01
课程语种: 英语
中文简介:
约翰塞恩担任纽约证券交易所的掌舵人,此次丑闻震惊了公众和历史悠久的机构:着名交易所成员的巨额诈骗,以及前纽约证券交易所主席理查德格拉索的1.4亿美元薪酬方案的启示。塞恩决心“重建世界上最大的市场的信心,诚信和信任”。通过应用“最佳实践””在治理,市场结构和交流战略方面。主要成分包括:将董事会从26个减少到11个,并将纽约证券交易所的监管职能与交易所的业务分开;升级技术以允许机构客户“即时,电子和匿名交易”。然而,维持价格发现过程,以避免成为“电子处理网络”。随之而来的波动;与营利性上市公司合并,在全球范围内展开竞争,并为小公司创建“第二个上市品牌”。塞恩相信他已开始扭转局面,指出市场反应如纽约证券交易所席位价格翻了三倍,从97.5万美元增加到290万美元。
课程简介: John Thain assumed the helm of the New York Stock Exchange following scandals that stunned both the public and the time-honored institution: massive swindles by prestigious exchange members, and the revelation of former NYSE Chairman Richard Grasso’s $140-million pay package. Thain has determined to “rebuild confidence, integrity and trust in the world’s largest marketplace,” by applying “best practices” in the areas of governance, market structure and the strategy of exchanges. Key ingredients include: thinning the board of directors from 26 to 11 and separating the regulatory functions of the NYSE from the business of the exchange; upgrading technology to permit institutional customers “to trade instantaneously, electronically and anonymously,” yet maintaining the price discovery process to avoid becoming an “electronic processing network” with its attendant volatility; merging with a for-profit public company to compete globally and to create “a second listing brand for smaller companies.” Thain believes he has started to turn the ship around, pointing to such positive market reaction as a tripling in the value of a NYSE seat, from 975 thousand dollars to 2.9 million dollars.
关 键 词: 监管职能; 纽约股票交易所; 市场结构; 交易策略
课程来源: 视频讲座网
最后编审: 2020-09-26:yumf
阅读次数: 47