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Why national stock exchanges have no place in tomorrow's world.
There is an unstoppable drive to create a single pan-European exchange, following the London-Frankfurt alliance last July, and deals by Paris, Madrid, Brussels, Milan, Amsterdam, Zurich, Luxembourg, Copenhagen, Stockholm and Vienna. One virtual market needs only one computer server. New York, London, Frankfurt, Hong Kong and Tokyo are also discussing cooperation.
What will the future hold?
Time Magazine feature by Dr Patrick Dixon 4 April 1999
Read more: The Death of Stock Exchanges - feature on Future of Stock Exchanges and Trading Platforms for Time Magazine