Good-bye to all that.
Until recently, the number of old-style financial exchanges had been increasing, but this is now changing, thanks primarily to rapid technological advances. Around the world, exchanges are busily forming alliances and paving the way for mergers. Among the factors speeding this process up are the f...
| Publicado en: | Economist Vol. 350; no. 8104; pp. 67 - 69 |
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| Formato: | Artículo |
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Economist Newspaper Limited
January 30 1999
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507607692&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507607692 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130613 ECO jtl: Economist issn: 00130613 maglogo: N pubinfo: dt: January 30 1999 vid: 350 iid: 8104 pid: 161 pub: Economist Newspaper Limited artinfo: ui: 507607692 ppf: 67 ppct: 2 formats: tig: atl: Good-bye to all that. aug: su: Investments -- Data processing Stock exchanges Securities industry Mergers & acquisitions sug: subj: Investments -- Data processing Stock exchanges Securities industry Mergers & acquisitions keyword: Stock exchanges -- International aspects ab: Until recently, the number of old-style financial exchanges had been increasing, but this is now changing, thanks primarily to rapid technological advances. Around the world, exchanges are busily forming alliances and paving the way for mergers. Among the factors speeding this process up are the fact that investors are becoming more global in outlook and there is growing competition between exchanges to list securities and attract members; that investment banks' margins are falling, which forces cost cutting; and in Europe, that the launch of the euro currency has added another integrating pressure. It is rapid technological development that is driving all this. The fact that the cost of electronic trading is substantially lower than on traditional exchanges, and because a trading floor costs more money, many exchanges are abandoning traders for electronic systems. Traditional exchanges claim that they are better able to absorb large trades without having a big effect on security, but this is a questionable—technology can already match or improve on the way floors handle big trades. pubtype: Periodical doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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