PT - JOURNAL ARTICLE AU - Robert A. Schwartz AU - John Aidan Byrne AU - Andrew M. Brooks TI - What Makes an Exchange a Unique Institution?<br/> <em>A Response to Ian Domowitz</em> AID - 10.3905/jot.2014.9.3.012 DP - 2014 Jun 30 TA - The Journal of Trading PG - 12--14 VI - 9 IP - 3 4099 - https://pm-research.com/content/9/3/12.short 4100 - https://pm-research.com/content/9/3/12.full AB - Ian Domowitz always has interesting things to say, and his current comment is no exception. In this reply to his commentary, the authors each present their own comments and thoughts about what it is that makes an exchange unique.TOPICS: Exchanges/markets/clearinghouses, financial crises and financial market history