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Evolution of the Exchange Industry

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  • Manuela Geranio

    (Bocconi University)

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Suggested Citation

  • Manuela Geranio, 2016. "Evolution of the Exchange Industry," Springer Books, Springer, number 978-3-319-21027-8, December.
    • Handle: RePEc:spr:sprbok:978-3-319-21027-8
    DOI: 10.1007/978-3-319-21027-8
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    References listed on IDEAS

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    1. Doidge, Craig & Karolyi, G. Andrew & Stulz, Rene M., 2011. "The U.S. Left Behind: The Rise of IPO Activity around the World," Working Paper Series 2011-8, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    2. Brugler, James, 2015. "Into the light: dark pool trading and intraday market quality on the primary exchange," Bank of England working papers 545, Bank of England.
    3. Erin Oldford & Isaac Otchere, 2011. "Can Commercialization Improve the Performance of Stock Exchanges Even without Corporatization?," The Financial Review, Eastern Finance Association, vol. 46(1), pages 67-87, February.
    4. Pirrong, Craig, 1999. "The organization of financial exchange markets: Theory and evidence," Journal of Financial Markets, Elsevier, vol. 2(4), pages 329-357, November.
    5. Iftekhar Hasan & Heiko Schmiedel & Liang Song, 2012. "Growth Strategies and Value Creation: What Works Best for Stock Exchanges?," The Financial Review, Eastern Finance Association, vol. 47(3), pages 469-499, August.
    6. O'Hara, Maureen & Ye, Mao, 2011. "Is market fragmentation harming market quality?," Journal of Financial Economics, Elsevier, vol. 100(3), pages 459-474, June.
    7. Amira, Khaled & Muzere, Mark L., 2011. "Competition among stock exchanges for equity," Journal of Banking & Finance, Elsevier, vol. 35(9), pages 2355-2373, September.
    8. David Reiffen & Michel Robe, 2011. "Demutualization and customer protection at self‐regulatory financial exchanges," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 31(2), pages 126-164, February.
    9. Avanidhar Subrahmanyam & Sheridan Titman, 1999. "The Going‐Public Decision and the Development of Financial Markets," Journal of Finance, American Finance Association, vol. 54(3), pages 1045-1082, June.
    10. Geoffrey Poitras (ed.), 2012. "Handbook of Research on Stock Market Globalization," Books, Edward Elgar Publishing, number 13048.
    11. Haoxiang Zhu, 2014. "Do Dark Pools Harm Price Discovery?," The Review of Financial Studies, Society for Financial Studies, vol. 27(3), pages 747-789.
    12. Comerton-Forde, Carole & Putniņš, Tālis J., 2015. "Dark trading and price discovery," Journal of Financial Economics, Elsevier, vol. 118(1), pages 70-92.
    13. Carmine Di Noia, 2001. "Competition and Integration among Stock Exchanges in Europe: Network Effects, Implicit Mergers and Remote Access," European Financial Management, European Financial Management Association, vol. 7(1), pages 39-72, March.
    14. Manuela Geranio & Valter Lazzari, 2014. "Exchanges Competition in Listing Services: Evidence for Italian Companies," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 43(3), pages 283-307, November.
    15. Domowitz, Ian, 1995. "Electronic derivatives exchanges: Implicit mergers, network externalities, and standardization," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(2), pages 163-175.
    16. Cantillon, Estelle & Yin, Pai-Ling, 2011. "Competition between exchanges: A research agenda," International Journal of Industrial Organization, Elsevier, vol. 29(3), pages 329-336, May.
    17. Michael Goldstein & Shengwei Ding & John Hanna & Terrence Hendershott, 2014. "How Slow Is the NBBO? A Comparison with Direct Exchange Feeds," The Financial Review, Eastern Finance Association, vol. 49(2), pages 313-332, May.
    18. Benn Steil, "undated". "Changes in the Ownership and Governance of Securities Exchanges: Causes and Consequences," Center for Financial Institutions Working Papers 02-15, Wharton School Center for Financial Institutions, University of Pennsylvania.
    19. Ioannis Kokkoris & Rodrigo Olivares-Caminal, 2008. "Lessons From The Recent Stock Exchange Merger Activity," Journal of Competition Law and Economics, Oxford University Press, vol. 4(3), pages 837-869.
    20. Reena Aggarwal & Sandeep Dahiya, 2006. "Demutualization and Public Offerings of Financial Exchanges," Journal of Applied Corporate Finance, Morgan Stanley, vol. 18(3), pages 96-106, June.
    21. Josanco Floreani & Maurizio Polato, 2014. "The Economics of the Global Stock Exchange Industry," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-1-137-32183-1, September.
    22. Giovanni Petrella, 2010. "MiFID, Reg NMS and competition across trading venues in Europe and the USA," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 18(3), pages 257-271, July.
    23. Otchere, Isaac, 2006. "Stock exchange self-listing and value effects," Journal of Corporate Finance, Elsevier, vol. 12(5), pages 926-953, December.
    24. Azzam, Islam, 2010. "Stock exchange demutualization and performance," Global Finance Journal, Elsevier, vol. 21(2), pages 211-222.
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    Cited by:

    1. Miles Kellerman, 2021. "Market structure and disempowering regulatory intermediaries: Insights from U.S. trade surveillance," Regulation & Governance, John Wiley & Sons, vol. 15(4), pages 1350-1369, October.

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