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Article: Technology: Stock Exchanges - SME battle commences.
- Article from:
- Financial Times Mandate
- Article date:
- November 1, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As most analysts and casual observers assumed that Europe's patchwork quilt of national stock exchanges and alliances seemed to be on the brink of further industry consolidation, a battle appears to be brewing among Europe's top bourses over who becomes the leading lister of smaller companies across the continent.
It's a battle that is likely to intensify following the migration on 5 December by the London Stock Exchange (LSE) of the AIM50 index, the top 50 stocks by market capitalisation on the Alternative Investment Market (AIM), and the 100 remaining main market small caps to SETSmm - a hybrid trading platform.
As of 20 October 2005, AIM had 1320 ...