Abstract
The way in which exchanges operate and compete is rapidly changing in connection with an extensive process of consolidation which is contributing to a reshaping of the exchange industries’ structure. Technological developments and regulatory reforms have contributed to the falling of national barriers and gave rise to growing competition from peers and new operators which forced incumbents to react with cross border mergers.
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© 2010 Maurizio Polato and Josanco Floreani
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Polato, M., Floreani, J. (2010). Value and Governance in the Exchange Industry: the Case of Diversified Conglomerate Exchanges. In: Fiordelisi, F., Molyneux, P., Previati, D. (eds) New Issues in Financial Institutions Management. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230299153_16
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DOI: https://doi.org/10.1057/9780230299153_16
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