Arbeitspapier
Stock exchange alliances, access fees and competition
This paper investigates the market consequences of alliance formation among stock exchanges.These alliances enable brokers to match investors internationally at their local market, thereby eliminating the need for brokers to maintain memberships in foreign stock exchanges.We sort out the conditions under which alliance formation increases profits for stock exchanges and brokers, and how changes in fee structures affect investors' participation rates and welfare.Finally, we examine several methods for implementing access fees and their welfare implications.
- ISBN
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951-686-751-0
- Language
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Englisch
- Bibliographic citation
-
Series: Bank of Finland Discussion Papers ; No. 22/2001
- Classification
-
Wirtschaft
- Subject
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stock exchange alliances
access fees
competition among stock exchanges
- Event
-
Geistige Schöpfung
- (who)
-
Shy, Oz
Tarkka, Juha
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
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Helsinki
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Shy, Oz
- Tarkka, Juha
- Bank of Finland
Time of origin
- 2001
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