Role and Function of Stock Markets

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The paper explores the high level of globalization in the financial sector, particularly focusing on stock markets' roles in facilitating global participation for companies and investors. It analyzes the organization of stock markets, including their structure, participants, efficiency, and regulatory frameworks, with a concentration on the London Stock Exchange and the Frankfurt Stock Exchange. Additionally, it compares these two major European stock markets, providing historical and structural insights into their operations and significance within the financial system.