Competition between Stock Exchanges: A Survey
FAME Research Paper No. 77
45 Pages Posted: 16 Jul 2003
Date Written: February 2003
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 Classification: G15, G29
Suggested Citation: Suggested Citation