|
|
Article: Swallow me, swallow; Stock exchanges in Europe.(Next steps to consolidate Europe's stock exchanges)(Brief Article)
- Article from:
- The Economist (US)
- Article date:
- May 11, 2002
CopyrightCOPYRIGHT 2002 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)
|
All to play for among Europe's exchanges
THE endgame is perhaps about to begin for Europe's stock exchanges, in their bid to secure an unassailable share of equity and derivatives trading in the European time-zone. For now, the London Stock Exchange (LSE) is the prize to fight for. America's Nasdaq, heavy in the shares of technology companies, has been talking to the LSE, which is Europe's biggest equities exchange. Deutsche Borse, based in Frankfurt, and Euronext, which runs the Amsterdam, Brussels, Paris and Lisbon stock exchanges, both need London if they are to beat the other to become the dominant pan-European exchange. Both are building their own clearing ...