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Article: Europe's shrinking stockmarkets.(merger of the Frankfurt and London stock exchanges)(Brief Article)
- Article from:
- The Economist (US)
- Article date:
- May 6, 2000
CopyrightCOPYRIGHT 2000 Economist Newspaper Ltd. 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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The merger of the London and Frankfurt stock exchanges is likely to be only the first of many such ventures
THE mighty certainly can tumble. A decade ago the market capitalisation of firms listed on London's stock exchange exceeded that of the bourses in Frankfurt, Paris, Milan and Madrid put together. Through its SEAQ International market, London claimed to do 90% of European cross-border equity trades, including nearly half the share deals in French blue- chip firms. In the exchange's tower headquarters, the word was that London was on the way to creating a Europe-wide wholesale stockmarket on its own: no need for pesky alliances with tiny, antiquated ...