The Consolidation of European Stock Exchanges

6 Pages Posted: 16 Mar 2005

See all articles by James McAndrews

James McAndrews

Wharton Financial Institutions Center

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. Available at SSRN: https://ssrn.com/abstract=687851

James McAndrews (Contact Author)

Wharton Financial Institutions Center ( email )

2306 Steinberg Hall-Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104
United States
9176090086 (Phone)
19104 (Fax)

Christodoulos Stefanadis

University of Piraeus ( email )

80 Karaoli and Dimitriou
Piraeus, 18534
Greece

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