A scattered approach to settlement
The future structure of Europe’s equity market is up for grabs. No-one knows exactly how equity is going to be traded after Emu, how investors are going to behave or where liquidity will concentrate. All they know is that the euro-zone market is going to be big – second only to the US – and is likely to get bigger. For stock exchanges the race is on to create the platform from which euro equities will be traded.
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