Trading system competition and market-maker competition
- The recent success of some alternative trading systems (ATSs) has had a strong impact on the traditional stock exchange industry and many observers expect even more dramatic changes in the future. This paper investigates the nature of competition between stock exchanges and ATSs and argues that the introduction of ATSs weakens the level of competition between market-makers in the traditional exchange...
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| Author: | Mark WahrenburgORCiDGND |
|---|---|
| URN: | urn:nbn:de:hebis:30-70253 |
| URL: | http://www.bis.org/publ/bppdf/bispap07.htm |
| ISBN: | 92-9131-630-X |
| ISSN: | 1609-0381 |
| ISSN: | 1682-7651 |
| Parent Title (English): | BIS Papers |
| Publisher: | Bank for International Settlements, Monetary and Economic Department |
| Place of publication: | Basel |
| Document Type: | Article |
| Language: | English |
| Date of Publication (online): | 2009/09/17 |
| Year of first Publication: | 2001 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2009/09/17 |
| Volume: | 1 |
| Issue: | 7 |
| Page Number: | 8 |
| First Page: | 53 |
| Last Page: | 60 |
| Source: | In: BIS Papers No 7 : Electronic finance: a new perspective and challenges , S. 53-60 |
| HeBIS-PPN: | 218426232 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  Deutsches Urheberrecht |
