LEADER 03512nam  22005415  450 
001 9910254867203321
005 20200703125431.0
010   $a3-319-21027-0
024 7 $a10.1007/978-3-319-21027-8
035   $a(CKB)3710000000636306
035   $a(EBL)4501066
035   $a(DE-He213)978-3-319-21027-8
035   $a(MiAaPQ)EBC4501066
035   $a(PPN)195599489
035   $a(EXLCZ)993710000000636306
100   $a20160408d2016      u|         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aEvolution of the Exchange Industry $eFrom Dealers? Clubs to Multinational Companies /$fby Manuela Geranio
205   $a1st ed. 2016.
210  1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2016.
215   $a1 online resource (137 p.)
300   $aDescription based upon print version of record.
311   $a3-319-21026-2 
320   $aIncludes bibliographical references at the end of each chapters.
327   $a1 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.
330   $aThis 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.
606   $aMacroeconomics
606   $aFinance
606   $aIndustrial organization
606   $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000
606   $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000
606   $aIndustrial Organization$3https://scigraph.springernature.com/ontologies/product-market-codes/W31010
615  0$aMacroeconomics.
615  0$aFinance.
615  0$aIndustrial organization.
615 14$aMacroeconomics/Monetary Economics//Financial Economics.
615 24$aFinance, general.
615 24$aIndustrial Organization.
676   $a330
700   $aGeranio$b Manuela$4aut$4http://id.loc.gov/vocabulary/relators/aut$0597126
906   $aBOOK
912   $a9910254867203321
996   $aEvolution of the Exchange Industry$92158949
997   $aUNINA