It has been discovered that globally indicating read-write conflicts and semi-transparent read sharing in a transactional memory space allows for a more expedient validation. Without being aware of particular transactions, a writing transaction can determine that a read-write conflict will occur with some transaction that has read one or more memory locations to be modified by the writing transaction. With semi-transparent reading, reading transactions can validate quickly. If a read-write conflict has not occurred since a reading transaction began (or since the last validation), then the previous reads are valid. Otherwise, the reading transaction investigates each memory location or ownership record to determine if a read-write conflict affected the investigating transaction.