Globalization, internationalization, integration, deregulation, as well as technological advances have provided the impetus for mergers of stock exchanges to facilitate cross-border listings and trading. Cross-border mergers trigger a series of different issues to be analyzed. The focus of our...

European stock exchanges are turning into public listed organisations, after demutualisation, and aim at maximising profits for their stockholders. Stock exchanges are moving from an era of monopolies to a new era marked by competition. A study shows that 60 new financial stock exchanges were...