Download or read book Competition for Order Flow and the Theory of Global Games written by Jutta Dönges and published by Springer-Verlag. This book was released on 2013-04-17 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jutta A. Dönges applies the recent theory of global games to a model of intermarket competition and shows the existence of a unique equilibrium. The author investigates whether and under which circumstances alternative trading systems can co-exist with established securities markets or even replace them.