Three Recent Studies Focus On Exchange Role And Market

SPECIAL REPORT

LONDON--Increased attention on the roles of exchanges has made them the focus of three recent studies. Together, they provide the reader with a comprehensive view of what an exchange is, what information it provides and how much revenue it gets from selling its market data.

As the studies discuss, exchanges have long enjoyed what some would term a near-monopoly on the markets they represent. However, forces such as the rise of emerging markets and Internet technologies and the creation of the

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