Standard Setting and Competition in Securities Settlement

34 Pages Posted: 10 Oct 2007

See all articles by Alistair Milne

Alistair Milne

Loughborough University - School of Business and Economics

Abstract

This paper examines the impact of messaging and technical standards on competition in the supply of securities transaction management services. Two simple switching cost models are used to clarify the impact of standards on barriers to entry and on the incentives to adopt harmonised and simplified securities processing standards. Policy implications are discussed briefly.

Keywords: securities settlement, standards, inter-operability, switching costs

JEL Classification: L15, L86

Suggested Citation

Milne, Alistair K. L., Standard Setting and Competition in Securities Settlement. Bank of Finland Research Discussion Paper No. 23/2005, Available at SSRN: https://ssrn.com/abstract=1019990 or http://dx.doi.org/10.2139/ssrn.1019990

Alistair K. L. Milne (Contact Author)

Loughborough University - School of Business and Economics ( email )

Epinal Way
Loughborough
Leicestershire, LE11 3TU
United Kingdom

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