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Competition Between Stock Exchanges: A Survey
Sofia Brito Ramos Instituto Superior de Ciências do Trabalho e da Empresa (ISCTE) - School of Business February 2003 FAME Research Paper No. 77 Abstract: This paper offers a systematized and updated view of competition between exchanges. It is divided in two parts: In the first part, we describe the recent reforms in stock exchanges and the main forces driving the development of competition. The second part surveys research done on stock exchanges.
Keywords: Stock Exchanges, Reforms, ECNs, Mergers, Demutualization, Cross-Listing JEL Classifications: G15, G29 Working Paper SeriesDate posted: July 16, 2003 ; Last revised: July 16, 2003Suggested CitationContact Information
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