Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
RegulationsFebruary 5 2007

Traders build their own boats as exchange benefits run dry

Given that Europe’s exchanges are now run for profit – an ethos that may be compounded by prospective mergers with expansionist US exchanges – users complain that their needs have become secondary and are threatening to set up their own pan-continental multilateral trading facilities. Dan Barnes explains.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

It seems only a short while ago that the state-of-the-art thinking about stock exchanges was this: biggest is best and publicly listed is better than mutually owned.

But that was before the Market in Financial Instruments Directive (MiFID) made its impact felt and banks began to discover the disadvantages of exchanges owned by shareholders rather than users.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial