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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 ?
Fragment reattachment is an esthetically acceptable and a conservative approach in the management of traumatic dental injuries.
Feng, "Fragment velocity distribution of cylindrical rings under eccentric point initiation," Propellants, Explosives, Pyrotechnics, vol.
For fractures with a VLF fragment, it is necessary to (1) identify the VLF fragment, (2) optimally place a VLP for distal placement via a dual-window approach, and (3) apply additional fixation (small plate, anchor, and/or external fixation).
"If you walk according to my laws, and keep my commandments and implement them, then I will grant your rains in their season, so that the earth shall yield its produce and the trees of the field their fruit," part of the fragment reads (translation by Torleif Elgvin).
40 (O) more closely resembles the Marsh's fragment, but there are enough differences to suggest these are distinct witnesses; for example, the "m," "s" and "e" of the initial letters in O have more exaggerated extenders to the left than those found in Marsh's.
From a linguistic point of view, the fragments preserve many valuable Prakritisms that shed light on the prehistory of Buddhist Hybrid Sanskrit (pp.
They suggested that with the chamfer technique 60% recovery of fracture strength can be obtained with minimal loss of natural fit of the fragment. When compared to other methods chamfer technique increased the strength recovery by exposing more resin surface to oral environment.
The missing subject--who served the lamb chops--tends to catch our attention, so this type of sentence fragment is less likely to be missed in editing the final draft.
A total of 1209 patients were operated for lumber disc herniation during the study period, of which 11 had posterior epidural migration of ruptured fragment making it 0.9% of the total cases.
"All the fragments are either grey or an off-white colour which indicates severe burning or exposure to high temperatures."
But an anthropologist ruled the tiny fragments recovered from the fireplace in Mark Bridger's living room were so badly charred that it was impossible to conduct a DNA test.
Say we begin with that most ingenious fragment, Samuel Taylor Coleridge's "Kubla Khan," both a dream and a fragment according to its title, and the most famous fragment of the Romantic period, perhaps the most famous fragment poem in the English literary canon, the predecessor (if not the originator) of a form that includes Keats's "Hyperion," Wordsworth's "The Danish Boy," Byron's Don Juan, and Shelley's "The Triumph of Life," all of which were described as "fragments" upon publication.