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Primary and secondary fragmentation оf securities markets

Available online: 19 May 2010

Subject Heading: EQUITY MARKET

JEL Classification: 

Influence of fragmentation on stock market of the countries with developed financial markets differs considerably from emerging and frontier markets. This is actualy for stock markets of East Europe countries. The article is devoted to peculiarities of fragmentation on markets of different types. The distinction in kind of primary fragmentation that arises in frontier and emerging markets from secondary fragmentation arises in developed markets is substantiated.

Keywords: securities markets, market infrastructure, market fragmentation

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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