Abstract
Several years have now passed since the first attempts at integration were made by European stock exchanges. The first stage of the process, from the end of the 1990s to the first years of 2000, led to a number of different solutions being tried and tested, and the outcome was not always encouraging. The iX (International Exchange) project between the London Stock Exchange and the Deutsche Borse and the ‘Group of Eight’ between the principal European bourses are just two examples of unsuccessful integration projects.
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