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1. A means of production in which different parts of the supply chain are located in different countries. Fragmentation occurs to reduce costs of production. For example, the least expensive materials may be in India and the cheapest factory workers in China, while the target retail customer is in the United States or Canada. Fragmentation can occur most easily when there is free trade, or at least low tariffs between all the countries on the supply chain. See also: Globalization.

2. A situation in a decentralized market. This often renders investors unaware of the best price available for their trades, resulting in inefficiency in the market. Fragmentation has become less of a problem with the advent of electronic exchanges and other, similar products.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Selon eux, toute intervention militaire au nord du Mali finira par fragmenter ce pays et les [beaucoup moins que]bombardements[beaucoup plus grand que] promis par les allies ne pourraient eviter des derapages, comme ceux qu'on voit au Pakistan, et amener les Touareg a ne pas courir au secours de leurs freres au Mali ou ailleurs.
Some individuals of Formicidae are litter fragmenters, and are mainly seen in areas of secondary forest (Calvi et al., 2010).