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Evolution of the exchange industry : from dealers' clubs to multinational companies

Title
Evolution of the exchange industry : from dealers' clubs to multinational companies / Manuela Geranio.
Author
Geranio, Manuela
Publication
Switzerland : Springer, [2016]

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TextUse in library JBE 16-581Schwarzman Building - General Research Room 315

Details

Description
xiv, 126 pages : illustrations; 25 cm
Summary
"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"-- Back cover.
Alternative Title
Exchange industry : from dealers' clubs to multinational companies
Subject
  • Stock exchanges
  • International trade
  • Foreign trade regulation
  • Börse
  • Multinationales Unternehmen
  • Aktienmarkt
  • Finanzmarktregulierung
  • Welt
Contents
1. The exchange industry : recent facts and the current scenario -- 2. The functions and economics of the exchange markets -- 3. Strategic patterns of exchanges -- 4. The surge of alternative players in the trading field -- 5. The governance of exchanges -- 6. Regulation on exchanges : new threats and opportunities -- 7. Issues at a glance in the exchange industry.
Call Number
JBE 16-581
ISBN
  • 3319210262
  • 9783319210261
OCLC
910412008
Author
Geranio, Manuela, author.
Title
Evolution of the exchange industry : from dealers' clubs to multinational companies / Manuela Geranio.
Publisher
Switzerland : Springer, [2016]
Type of Content
text
Type of Medium
unmediated
Type of Carrier
volume
Research Call Number
JBE 16-581
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