fragmentation

fragmentation definition - business

fragmentation

The lack of full interconnection of the various securities markets. Fragmentation can result in customer orders being sent to markets that do not offer the best available price. Critics claim the inefficiencies of fragmentation can be cured with a central order book that includes orders from all markets.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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