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ELECTRONIC MARKETS AND FLOOR MARKETS: COMPETITION FOR TRADING VOLUMES IN FUTURES AND OPTIONS EXCHANGES

Levecq, Hugues et al.
NYU Faculty Digital Archive · Papers
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multidisciplinary
The internationalization of financial markets and the increasing demand for risk management products have fueled the growth of derivatives markets. While most exchanges have experienced increasing volumes over recent years, the pace of growth varies widely across exchanges, and the established ma
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