scholarly journals Transaction Costs in Dealer Markets: Evidence From The London Stock Exchange

10.3386/w4727 ◽  
1994 ◽  
Author(s):  
Peter Reiss ◽  
Ingrid Werner
Keyword(s):  
Transaction Costs ◽  
Stock Exchange ◽  
London Stock Exchange ◽  
Dealer Markets

scholarly journals A critical overview of the transparency and competitiveness of the London stock exchange

2018 ◽  
Vol 8 (2) ◽  
pp. 74-83 ◽  
Author(s):  
Muhammad Surajo Sanusi
Keyword(s):  
Transaction Costs ◽  
21St Century ◽  
Stock Exchange ◽  
Stock Exchanges ◽  
London Stock Exchange ◽  
Market Participants ◽  
The World ◽  
Operational Activities ◽  
Technology Transformation ◽  
Critical Overview

This paper explores the operational activities of the London Stock Exchange in the 21st century to provide an overview of its operational transparency and competitiveness; the competition among its market participants and how it competes with other developed stock exchanges around the world. Evidence was found that suggests the manifestation of both competitive and uncompetitive practices in the London Stock Exchange. The presence of the key elements that enhance the competitiveness of the market, such as continued technology transformation, strategies that promote globalisation and regulatory flexibilities was observed. Simultaneously, signs of non-competitiveness such as high membership and annual fees, transaction costs and stamp duties were also observed.

Trust and Regulation in Corporate Capital Markets before 1914

2018 ◽  
Author(s):  
Leslie Hannah
Keyword(s):  
Capital Markets ◽  
Stock Exchange ◽  
Legal Regulation ◽  
Securities Market ◽  
Market Development ◽  
Shareholder Rights ◽  
London Stock Exchange ◽  
Local Elites ◽  
Corporate Capital ◽  
Trust Networks

Historians have struggled to explain how stock markets could develop—with notable vigour in many countries before 1914—before modern shareholder protections were legally mandated. Trust networks among local elites—and/or information signalling to public investors—substituted for legal regulation, but this chapter suggests real limits to such processes. They are especially implausible when applied to giant companies with ownership substantially divorced from control, of which there were many with—nationally and internationally—dispersed shareholdings. In London—the largest pre-1914 securities market—strong supplementary supports for market development were provided by mandatory requirements for transparency and anti-director rights in UK statutory companies and by low new issue fees. There were also stringent London Stock Exchange requirements for other companies wanting the liquidity benefits of official listing. Shareholder rights were similarly achieved in Brazil and other countries and colonies dependent on British capital.

Determinants of Price Quote Revisions on the London Stock Exchange

1995 ◽  
Vol 105 (428) ◽  
pp. 77 ◽  
Author(s):  
Andy Snell ◽  
Ian Tonks
Keyword(s):  
Stock Exchange ◽  
London Stock Exchange
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