The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

EUROPEAN EQUITIES

Big ambitions for smaller companies

Visionaries have long dreamed of trading European equities with equal ease across the continent in a single super-exchange. They picture a market for the continent's biggest blue chips. London's SEAQ International might once have claimed to be that market. Continental exchanges have made ambitious plans to link up. But it now seems a smaller companies exchange will be Europe's first unified market.


The ambition of the European Association of Securities Dealers came closer to being realized last month. Its vision of a liquid pan-European stock market for smaller companies, Easdaq, looks increasingly viable. Easdaq now has 43 shareholders, which together have invested over £4 million ($5.9 million) in the venture. This represents over half Easdaq's intended starting capital. Just as important though, it also means Easdaq has raised enough to satisfy the recognition requirements of the Belgian authorities, with which the company is registered. Backers include UK insurer and pension fund Equitable Life, which has put up $250,000, ING Bank and UBS Securities.


"The trading patterns, regulatory bodies and settlement systems are either in place, or will be soon," says Tony Preece, Easdaq's head of market development. "We hope to open trading by late September - but it will be tight."



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree