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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 Series

Date posted: July 16, 2003 ; Last revised: July 16, 2003

Suggested Citation

Ramos, Sofia Brito, Competition Between Stock Exchanges: A Survey (February 2003). FAME Research Paper No. 77. Available at SSRN: http://ssrn.com/abstract=410727 or doi:10.2139/ssrn.410727


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Sofia Brito Ramos (Contact Author)
Instituto Superior de Ciências do Trabalho e da Empresa (ISCTE) - School of Business ( email )
Complexo INDEG/ISCTE
Av. Prof. Anibal Bettencourt
1600-189 Lisboa 1649-026
Portugal
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