IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-19-00910.html
   My bibliography  Save this article

Cross-listing in the European ETP market

Author

Listed:
  • Stefano Alderighi

    (World Federation of Exchanges; Department of Economics, University of Essex)

Abstract

The European ETP market is the second largest in the world and presents a unique structure, characterised by high levels of cross-listings across multiple jurisdictions. This paper estimates the extent of cross-listing in the European ETP market, finding that roughly 88% of the instruments listed in Europe are cross-listed on more than one exchange, accounting for 98% of the total market capitalisation. This result calls for further investigation of the European ETP market structure, in particular on the topics of price formation and fragmentation/best execution.

Suggested Citation

  • Stefano Alderighi, 2020. "Cross-listing in the European ETP market," Economics Bulletin, AccessEcon, vol. 40(1), pages 35-40.
    • Handle: RePEc:ebl:ecbull:eb-19-00910
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I1-P3.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adam Marszk & Ewa Lechman, 2020. "Application of Diffusion Models in the Analysis of Financial Markets: Evidence on Exchange Traded Funds in Europe," Risks, MDPI, vol. 8(1), pages 1-23, February.
    2. Marszk, Adam & Lechman, Ewa, 2021. "Reshaping financial systems: The role of ICT in the diffusion of financial innovations – Recent evidence from European countries," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    3. Awadh Saeed Bin-Dohry & Hanita Kadir Shahar & Sharmilawati Sabki, 2023. "Destination choice of the dual listing decision: The case ASEAN-5 firms," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(2), pages 2233773-223, June.

    More about this item

    Keywords

    ETPs; Cross-listing; Price discovery; Best execution;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-19-00910. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.