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Securities Industry and Exchange Industry: Organization and Value Chain

In: The Economics of the Global Stock Exchange Industry

Author

Listed:
  • Josanco Floreani

    (University of Udine)

  • Maurizio Polato

    (University of Udine)

Abstract

The securities and exchange industry performs an important function within the financial system. By facilitating the execution of orders it enhances the liquidity of securities markets, and therefore allows the efficient allocation of capital flows to investment opportunities.

Suggested Citation

  • Josanco Floreani & Maurizio Polato, 2014. "Securities Industry and Exchange Industry: Organization and Value Chain," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Economics of the Global Stock Exchange Industry, chapter 1, pages 1-34, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-1-137-32183-1_1
    DOI: 10.1057/9781137321831_1
    as

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