As exchanges around the world look to merge and consolidate, the structure of the overall
global equities marketplace continues to be flawed for institutional investors. But there is a …

During the coming decade, an equity culture will continue to develop in market centers
around the globe. Companies will increasingly use equity financing, retail and institutional …

Global equities: Is this the age of the unimaginable? Page 1 think tank Janus Capital
roundtable 26 investment magazine These are challenging times for institutional investors …

The recent changes in equity, derivatives and commodity exchanges are opening
opportunities for exchanges, investment banks and capital markets generally. Despite the …

In May 2007, an extraordinary meeting took place in London's The Exchange Forum. Chief
executives from many of the world's most important financial exchanges came together with …

As investors trade increasingly across national boundaries, reaching now 1.5 million trades
per day and USRBBO trillion a year, they visibly strain the ability of current facilities to …

The authors would like to thank their discussant, Ken Kavajecz, and Andrew Karolyi, Benn
Steil, Ruben Lee, and conference participants for very useful comments. They would like to …

With the growing appeal of cross-border trading in Europe, efforts are under way to establish
consolidated exchanges that offer trading in stocks from many European countries. An …

This paper analyses the role of (stock and derivative) exchanges as powerful actors in
global finance. While most IPE accounts of exchanges analyse 'exchanges as marketplaces' …

The quick guide to understanding the global securities markets Investing in the global
securities markets poses challenges far beyond simply choosing a security that's likely to …