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Still, this year, the commission will contemplate potential changes in market structure that could hurt the Big Board's dominant market position.
But it also can reflect changes in market structure and trading strategies that cause price swings until markets adjust to the new techniques.
"At the end of the day, these changes in market structure will drive the use of debit cards" up, said Craig Peckham, an analyst with Jefferies & Company, a brokerage firm in New York.
Many were old matters that have been corrected by changes in market structure, advances in technology and enhancements in trading systems, Knight Trading, the biggest middleman on Nasdaq, said.
Fundamental changes in market structure are at work here.
Finally, our findings contribute to the literature on the reactions of incumbents to new entrants and, specifically, to studies that focus on reactions by platforms in multi-sided markets to changes in market structure (Jin and Rysman (2015), Chandra and Collard-Wexler (2009), Fan (2013), and Seamans and Zhu (2014)).
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It is widely acknowledged that globalisation affects the health of populations and individuals through a variety of determinants including changes in market structures, communication, diffusion of information, cross-cultural interaction, environmental change and mobility [ 2].
And as is the case with any broad change in market structure, unintended consequences must also be weighed.
"I can't remember a time when our industry has seen such a dramatic change in market structure," said Andy Clarke, Asda's chief executive.
But it is hard to escape, given the costs of unilateral disarmament.The authors' solution is a fundamental change in market structure.
During the stage of "unfree" market, the change in market structure initiated a transformation in the mode of transactions, and the emergence of resellers enhanced the stability of continuing market transactions.
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