“The battle between the Bombay Stock Exchange and the National Stock Exchange”
This study is related to literature on competition between exchanges, the literature on technology adoption and the literature on competition between networks. I read 3 papers including the study of E. Cantillon and Pai-Ling Yin: “Competition between exchanges, Lessons from the Battle of the Bunds”. This paper studies the determinants of traders‟ exchange choice in the DTB-LIFFE case…
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