The Consolidation of European Stock Exchanges

6 Pages Posted: 16 Mar 2005  

James McAndrews

Federal Reserve Bank of New York

Christodoulos Stefanadis

University of Piraeus

Abstract

With the growing appeal of cross-border trading in Europe, efforts are under way to establish consolidated exchanges that offer trading in stocks from many European countries. An analysis of these evolving pan-European exchanges suggests that consolidation could reduce the costs and complications of cross-border trading through such enhancements as a standardization of trading platforms. Yet regulatory, legal, and economic barriers to the creation of these exchanges may delay any benefits of consolidation.

Keywords: Stock exchange, Europe, Consolidation, International, Trading

JEL Classification: G24, G28, G15

Suggested Citation

McAndrews, James and Stefanadis, Christodoulos, The Consolidation of European Stock Exchanges. Current Issues in Economics and Finance, Vol. 8, No. 6, June 2002. Available at SSRN: https://ssrn.com/abstract=687851

James McAndrews (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-5063 (Phone)
212-720-8353 (Fax)

Christodoulos Stefanadis

University of Piraeus ( email )

80 Karaoli and Dimitriou
Piraeus, 18534
Greece

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