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Article: Challenging Europe's stock exchanges.
- Article from:
- Financial News
- Article date:
- June 11, 2001
CopyrightCOPYRIGHT 2001 Financial News Publishing 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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Byline: Peter Wilson-Smith Editor-in-chief
Despite the numerous predictions that stock exchanges are a dying breed, a remarkable number of new ones have been springing up in Europe.
Last year saw the launch of Jiway, the retail joint venture between OM Group and Morgan Stanley. Nasdaq Europe has emerged out of the dying carcass of Easdaq and Virt-x, the pan-European blue-chip exchange formed by SwissExchanges and Tradepoint, gets under way in two weeks' time.
All this is happening at a time when the numerous exchanges in Europe's fragmented securities market are meant to be in the throes of consolidation (see pages 23 to 37). However, their ...