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Competition among Securities Markets

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Academic year: 2021

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Figure 3 shows the differentiated dynamics of the market touches for both the Parquet and the Coulisse: while  the spreads on Parquet are narrowing over time, the spreads of the Coulisse widen in the legal competition  regime and narrow afterwards, but rem
Figure 5 displays the spreads for both markets on single-traded securities. These securities were submitted  to potential competition

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