Evolution of the Exchange Industry - From Dealers' Clubs to Multinational Companies (Hardcover, 1st ed. 2016)

This book describes the dramatic changes that have occurred in the exchange industry during the past two decades. The strategies adopted by major world exchanges during this period are explained and the roles of multilateral trading systems and over-the-counter (OTC) players are clearly described, highlighting their economics and their interconnections with traditional exchanges. Up-to-date, comprehensive comparisons are made of the performances of the main exchanges, and important governance issues are considered. In addition, threats and opportunities for major types of trading venue, deriving either from new regulatory approaches or from the surge in new markets, are presented and discussed with a view to forecasting future developments in the secondary market industry.The background to the book is the strong erosion in traditional profit drivers for exchanges produced by the progress in communications and trading technology. In many countries, regulation has reduced barriers to entry in the equity field, facilitating a surge in new players and a shift of liquidity toward alternative trading platforms and dark pools.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	April 2016
First published:	2016
Authors:	Manuela Geranio
Dimensions:	235 x 155 x 14mm (L x W x T)
Format:	Hardcover
Pages:	126
Edition:	1st ed. 2016
ISBN-13:	978-3-319-21026-1
Categories:	Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General Books > Money & Finance > Investment & securities > General
LSN:	3-319-21026-2
Barcode:	9783319210261

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