Question: The Competition and Integration Strategies of Stock Exchanges
Answer: There are currently about 250 institutions recognized as exchanges in the world, and both individually and collectively they play a critical role in most national economies and also at a global level. They provide cash, futures, options and other forms of derivatives, markets for all major commodities and assets traded in the world.
Competition among stock exchanges, both national and international, is a recent phenomenon. Until some decades ago, it was difficult to think of exchanges as firms that produce and sell goods to customers and compete among themselves. Traditionally, exchanges were seen either as public entities or as formally private bodies, deeply regulated by public rules. In both cases, they were often legal monopolist, given the special nature of their activity that very much resembled that of a public good.....(short extract)
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- Subject: Business and Management
- Course: Business
- Level: Degree
- Year: 2nd/3rd
- Mark: 74%
- Words: 14200
- Date submitted: March 12, 2009
- Date written: April, 2006
- References: Yes
- Document type: Dissertation
- Essay ID: 941
