One continent – one stock market?
A scattered approach to settlement
The battle to provide the benchmark in euro-zone equities is shaping up to be a three-way fight between FTSE-Eurotop, Dow Jones-Stoxx and MSCI. The index which eventually gains acceptance, whichever it is, will inevitably have a significant impact on the way in which exchanges structure stock trading.
Some feel that the most logical development is for the exchanges themselves to have joint and vested interest in the benchmark.
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