J 2017

Stock Exchange Interconnections and Legal Issues in Data Exchange

POLČÁK, Radim

Základní údaje

Originální název

Stock Exchange Interconnections and Legal Issues in Data Exchange

Autoři

Vydání

Masaryk University Journal of Law and Technology, 2017, 1802-5943

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50501 Law

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Kód RIV

RIV/00216224:14220/17:00098162

Organizační jednotka

Právnická fakulta

EID Scopus

2-s2.0-85030725523

Klíčová slova anglicky

Stock Exchange;Data Protection;Cybersecurity;Virtualisation

Štítky

Příznaky

Recenzováno
Změněno: 15. 7. 2020 10:03, Mgr. Petra Georgala

Anotace

V originále

If philosophical cybernetics was interested in stock exchanges, it would probably treat them as relatively simple information structures. From that perspective, stock exchanges can be viewed as places where data on supply and demand of various negotiable instruments are processed. Besides that, stock exchanges, as institutions, provide respective transactions with additional informational (organisational) value that mostly consist of trust regarding the traders, clearing etc. Consequently, a stock exchange interconnection can be seen as very natural process providing for bigger pool of useful data. One of key tasks in the establishment of exchange schemes is then not to hinder or diminish the added information value, i.e. to at least keep the existing level of trust. In that sense, one of the most important components of interconnection design is the legal compliance. In the comment, we will examine some of the most emerging legal issues in data sharing between stock exchanges that were subject to examination under recently concluded project ‘Creating a legal and regulatory framework for interconnections between stock exchanges: A comparative study of the UK and Taiwan’ funded by the British Academy (UK) and the Ministry of Science and Technology, Taiwan. We will particularly focus in this comment on compliance issues in cross-border transfers of personal data and newly emerging regulatory phenomenon of cybersecurity.

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