{"id":"https://openalex.org/W7220189062","doi":null,"title":"\u0646\u062d\u0648 \u0628\u0646\u0627\u0621 \u0645\u0641\u0647\u0648\u0645 \u062d\u062f\u064a\u062b \u0644\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629","display_name":"\u0646\u062d\u0648 \u0628\u0646\u0627\u0621 \u0645\u0641\u0647\u0648\u0645 \u062d\u062f\u064a\u062b \u0644\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629","publication_year":2023,"publication_date":"2023-09-12","ids":{"openalex":"https://openalex.org/W7220189062"},"language":"ar","primary_location":{"id":"pmh:oai:revues.imist.ma:article/42898","doi":null,"is_oa":true,"landing_page_url":"https://revues.imist.ma/index.php/index/article/view/42898","pdf_url":null,"source":{"id":"https://openalex.org/S7407075529","display_name":"La revue \u00e9lectronique de recherche juridique","issn_l":"7476-2605","issn":["7476-2605"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"7476-2605","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://revues.imist.ma/index.php/index/article/view/42898","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5096770752","display_name":"\u0627\u0644\u0633\u0648\u0633\u064a \u060c \u062d\u0633\u0646","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"\u0627\u0644\u0633\u0648\u0633\u064a, \u062d\u0633\u0646","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5096770752"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.46306189,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.0034000000450760126,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14373","display_name":"Securities Regulation and Market Practices","score":0.0032999999821186066,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-markets","display_name":"financial markets","score":0.859000027179718},{"id":"https://openalex.org/keywords/financial-instruments","display_name":"financial instruments","score":0.4699999988079071},{"id":"https://openalex.org/keywords/parallel-markets","display_name":"parallel markets","score":0.5899999737739563},{"id":"https://openalex.org/keywords/organized-markets","display_name":"organized markets","score":0.7229999899864197},{"id":"https://openalex.org/keywords/online-trading-platforms","display_name":"online trading platforms","score":0.8029999732971191},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.699999988079071},{"id":"https://openalex.org/keywords/securities-regulation","display_name":"securities regulation","score":0.3089999854564667}],"concepts":[{"id":"https://openalex.org/C2777526511","wikidata":"https://www.wikidata.org/wiki/Q691543","display_name":"Pace","level":2,"score":0.5514000058174133},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.47929999232292175},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46459999680519104},{"id":"https://openalex.org/C536366893","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange market","level":3,"score":0.4259999990463257},{"id":"https://openalex.org/C179036041","wikidata":"https://www.wikidata.org/wiki/Q1901028","display_name":"Market analysis","level":2,"score":0.415800005197525},{"id":"https://openalex.org/C27564746","wikidata":"https://www.wikidata.org/wiki/Q913709","display_name":"Market research","level":2,"score":0.3571000099182129},{"id":"https://openalex.org/C17020691","wikidata":"https://www.wikidata.org/wiki/Q139677","display_name":"Operator (biology)","level":5,"score":0.33880001306533813},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3353999853134155},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.3043999969959259},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.289900004863739},{"id":"https://openalex.org/C2984080334","wikidata":"https://www.wikidata.org/wiki/Q6770794","display_name":"Market development","level":2,"score":0.28529998660087585},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.28369998931884766},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2718000113964081},{"id":"https://openalex.org/C23952128","wikidata":"https://www.wikidata.org/wiki/Q627543","display_name":"Money market","level":3,"score":0.2705000042915344},{"id":"https://openalex.org/C2994163287","wikidata":"https://www.wikidata.org/wiki/Q16866286","display_name":"World market","level":2,"score":0.26499998569488525},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2556000053882599},{"id":"https://openalex.org/C540431452","wikidata":"https://www.wikidata.org/wiki/Q16319025","display_name":"FinTech","level":3,"score":0.2535000145435333},{"id":"https://openalex.org/C139043278","wikidata":"https://www.wikidata.org/wiki/Q837171","display_name":"Financial services","level":2,"score":0.25189998745918274}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:revues.imist.ma:article/42898","doi":null,"is_oa":true,"landing_page_url":"https://revues.imist.ma/index.php/index/article/view/42898","pdf_url":null,"source":{"id":"https://openalex.org/S7407075529","display_name":"La revue \u00e9lectronique de recherche juridique","issn_l":"7476-2605","issn":["7476-2605"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"7476-2605","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:revues.imist.ma:article/42898","doi":null,"is_oa":true,"landing_page_url":"https://revues.imist.ma/index.php/index/article/view/42898","pdf_url":null,"source":{"id":"https://openalex.org/S7407075529","display_name":"La revue \u00e9lectronique de recherche juridique","issn_l":"7476-2605","issn":["7476-2605"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"7476-2605","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4247597814","https://openalex.org/W7020764446","https://openalex.org/W4323658293","https://openalex.org/W7219301521","https://openalex.org/W2752673080","https://openalex.org/W2408150864","https://openalex.org/W1498808020","https://openalex.org/W7058217918","https://openalex.org/W1572055894","https://openalex.org/W2481373360"],"abstract_inverted_index":{"\u0646\u062d\u0648":[0],"\u0628\u0646\u0627\u0621":[1],"\u0645\u0641\u0647\u0648\u0645":[2],"\u062d\u062f\u064a\u062b":[3],"\u0644\u0644\u0623\u0633\u0648\u0627\u0642":[4],"\u0627\u0644\u0645\u0627\u0644\u064a\u0629Towards":[5],"building":[6],"a":[7,181,187,226,260],"modern":[8],"concept":[9],"of":[10],"financial":[11,213,257,277,287],"markets\u0645\u0644\u062e\u0635":[12],"\u0627\u0644\u0645\u0642\u0627\u0644":[13],"\u0628\u0627\u0644\u0644\u063a\u0629":[14,165],"\u0627\u0644\u0639\u0631\u0628\u064a\u0629:\u064a\u0646\u062a\u062c":[15],"\u0639\u0646":[16],"\u062a\u0637\u0648\u0631":[17],"\u0627\u0644\u0623\u0633\u0648\u0627\u0642":[18,74],"\u0627\u0644\u0645\u0627\u0644\u064a\u0629":[19,48,61,85,109,128,142,148,160],"\u0628\u0634\u0643\u0644":[20,155],"\u0633\u0631\u064a\u0639":[21],"\u0628\u0631\u0648\u0632":[22],"\u0638\u0648\u0627\u0647\u0631":[23],"\u0648\u0645\u0641\u0627\u0647\u064a\u0645":[24],"\u0645\u0627\u0644\u064a\u0629":[25,125],"\u062d\u062f\u064a\u062b\u0629":[26],"\u064a\u0635\u0639\u0628":[27],"\u0639\u0644\u0649":[28,72,132],"\u0645\u0634\u0631\u0639\u064a":[29],"\u0627\u0644\u062f\u0648\u0644":[30],"\u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629":[31],"\u0648\u0627\u0644\u062f\u0648\u0644":[32],"\u0627\u0644\u0633\u0627\u0626\u0631\u0629":[33],"\u0641\u064a":[34,57,92,104,114,126,144,158],"\u0637\u0631\u064a\u0642":[35],"\u0627\u0644\u0646\u0645\u0648":[36],"\u0623\u0648":[37],"\u0628\u0627\u0644\u0623\u062d\u0631\u0649":[38],"\u0627\u0644\u0646\u0627\u0645\u064a\u0629":[39],"\u0645\u0648\u0627\u0643\u0628\u062a\u0647\u0627\u060c":[40],"\u0648\u0630\u0644\u0643":[41,150],"\u064a\u0631\u062c\u0639":[42],"\u0645\u0646":[43,89,134],"\u062c\u0647\u0629":[44,67],"\u0625\u0644\u0649":[45],"\u0637\u0628\u064a\u0639\u0629":[46],"\u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a":[47],"\u0627\u0644\u062a\u064a":[49,62,80,116],"\u062a\u062a\u0637\u0644\u0628":[50],"\u0627\u0644\u0633\u0631\u0639\u0629":[51,55],"\u0648\u0625\u0646":[52],"\u0644\u0645":[53],"\u064a\u0642\u0644":[54],"\u0627\u0644\u0645\u0641\u0631\u0637\u0629":[56],"\u0625\u0646\u062c\u0627\u0632\u0647\u0627":[58],"\u0648\u062a\u062f\u0627\u0648\u0644":[59],"\u0627\u0644\u0623\u062f\u0648\u0627\u062a":[60,84,108],"\u062a\u0643\u0648\u0646":[63],"\u0645\u0648\u0636\u0648\u0639\u0627":[64],"\u0644\u0647\u0627.":[65],"\u0648\u0645\u0646":[66],"\u0623\u062e\u0631\u0649":[68],"\u062a\u0623\u062b\u064a\u0631":[69],"\u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627":[70],"\u0627\u0644\u062d\u062f\u064a\u062b\u0629":[71],"\u0645\u0639\u0627\u0645\u0644\u0627\u062a":[73],"\u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c":[75],"\u062d\u064a\u062b":[76,119],"\u0638\u0647\u0631\u062a":[77],"\u0627\u0644\u0645\u0646\u0635\u0627\u062a":[78,90],"\u0627\u0644\u0631\u0642\u0645\u064a\u0629":[79],"\u062a\u064a\u0633\u0631":[81],"\u0648\u062a\u0633\u0647\u0644":[82],"\u062a\u062f\u0627\u0648\u0644":[83],"\u0643\u0645\u0646\u0635\u0629":[86],"(Forex)":[87],"\u0648\u063a\u064a\u0631\u0647\u0627":[88],"\u0627\u0644\u0631\u0642\u0645\u064a\u0629.\u0648\u0627\u0646\u062a\u0634\u0631\u062a":[91],"\u0627\u0644\u0622\u0648\u0646\u0629":[93],"\u0627\u0644\u0623\u062e\u064a\u0631\u0629":[94],"\u0639\u0628\u0627\u0631\u0629":[95],"\u0627\u0644\u0633\u0648\u0642":[96,112,127,159,167,169],"\u0627\u0644\u0645\u0648\u0627\u0632\u064a\u0629":[97],"\u0648\u0627\u0644\u062a\u064a":[98],"\u062a\u0641\u064a\u062f":[99],"\u0628\u0623\u0646":[100],"\u0627\u0644\u0641\u0627\u0639\u0644\u064a\u0646":[101],"\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u064a\u0646":[102],"\u0627\u0644\u0631\u0627\u063a\u0628\u0648\u0646":[103],"\u0627\u0644\u062a\u0645\u0648\u064a\u0644":[105],"\u064a\u0633\u062a\u0637\u064a\u0639\u0648\u0646":[106],"\u0625\u0635\u062f\u0627\u0631":[107,123],"\u0628\u0633\u0648\u0642":[110],"\u063a\u064a\u0631":[111],"\u0627\u0644\u0645\u062a\u0648\u0627\u062c\u062f\u0629":[113],"\u0627\u0644\u062f\u0648\u0644\u0629":[115],"\u0647\u0645":[117],"\u0641\u064a\u0647\u0627\u060c":[118],"\u064a\u0645\u0643\u0646":[120],"\u0644\u0644\u0641\u0627\u0639\u0644\u064a\u0646":[121],"\u0627\u0644\u0641\u0631\u0646\u0633\u064a\u064a\u0646":[122],"\u0623\u062f\u0648\u0627\u062a":[124],"\u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629\u060c":[129,149],"\u0648\u064a\u062a\u0648\u0642\u0641":[130],"\u0630\u0644\u0643":[131],"\u0645\u062c\u0645\u0648\u0639\u0629":[133],"\u0627\u0644\u0634\u0631\u0648\u0637":[135],"\u0627\u0644\u0642\u0633\u0631\u064a\u0629":[136],"\u0648\u064a\u062e\u0636\u0639":[137],"\u0627\u0644\u0641\u0627\u0639\u0644\u0648\u0646":[138],"\u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0648\u0646":[139],"\u0644\u0645\u0631\u0627\u0642\u0628\u0629":[140],"\u0627\u0644\u0633\u0644\u0637\u0627\u062a":[141],"\u0627\u0644\u0645\u062a\u0645\u062b\u0644\u0629":[143],"\u0644\u062c\u0646\u0629":[145],"\u0627\u0644\u0628\u0648\u0631\u0635\u0627\u062a":[146],"\u0648\u0627\u0644\u0623\u062f\u0648\u0627\u062a":[147],"\u0628\u0642\u0635\u062f":[151],"\u062a\u0633\u0639\u064a\u0631":[152],"\u0623\u062f\u0648\u0627\u062a\u0647\u0645":[153],"\u0648\u062a\u062f\u0627\u0648\u0644\u0647\u0627":[154],"\u0622\u0645\u0646":[156],"\u0648\u0641\u0639\u0627\u0644":[157],"\u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629.":[161],"\u0627\u0644\u0643\u0644\u0645\u0627\u062a":[162],"\u0627\u0644\u0645\u0641\u062a\u0627\u062d\u064a\u0629":[163],"\u0644\u0644\u0645\u0642\u0627\u0644":[164],"\u0627\u0644\u0639\u0631\u0628\u064a\u0629:":[166],"\u0627\u0644\u0645\u0646\u0638\u0645\u0629\u060c":[168],"\u0627\u0644\u0645\u0648\u0627\u0632\u064a\u0629\u060c":[170,173],"\u0645\u0633\u0637\u0631\u0629":[171],"\u0627\u0644\u0625\u062f\u0631\u0627\u062c":[172],"\u0623\u062c\u0647\u0632\u0629":[174,176],"\u0627\u0644\u062a\u062f\u0628\u064a\u0631\u060c":[175],"\u0627\u0644\u062a\u0648\u0638\u064a\u0641.Abstract":[177],":Financial":[178],"market":[179,228,244,249,267],"know":[180],"huge":[182],"development,":[183],"which":[184,263],"can":[185,274],"involve":[186],"new":[188,227],"concepts":[189],"that":[190,248],"are":[191],"difficult":[192],"to":[193,251,254,276,284],"be":[194],"understood":[195],"from":[196],"the":[197,202,221,230,242,265,272],"legislator.":[198],"With":[199],"another":[200],"way,":[201],"merging":[203],"countries":[204],"cannot":[205],"keep":[206],"pace":[207],"with":[208],"this":[209,270],"development":[210],"and":[211,237,268],"their":[212,256],"markets":[214],"fall":[215],"back.":[216],"More":[217],"over":[218],"then":[219],"that,":[220],"high":[222],"technology":[223],"has":[224,245],"surfaced":[225],"called":[229],"\u201cequivalent":[231],"market\u201d":[232],"such":[233],"as":[234],"Forex":[235],"platform":[236],"other":[238],"digital":[239],"platforms.":[240],"Recently,":[241],"equivalent":[243,266,280,285],"spread":[246],"tremendously,":[247],"allows":[250],"economic":[252],"operator":[253],"issue":[255],"instrument":[258],"in":[259],"foreign":[261],"market,":[262,286],"is":[264],"through":[269],"last":[271],"investors":[273],"subscribe":[275],"instrument.Keywords:Organized":[278],"Market,":[279,281],"introduction":[282],"procedure":[283],"Funds.":[288]},"counts_by_year":[],"updated_date":"2026-10-06T10:28:23.643775","created_date":"2026-10-05T00:00:00"}