This first of three articles on the world's stock markets is a look at the venerable old exchanges, past and present
New York, London, Paris, Frankfurt... all the traditional stock exchanges are changing. Faced with a single, unified global marketplace of international investors and issuers, they have no choice but to expand their reach across national borders. Competition among exchanges is fierce. They strike alliances, upgrade their trading systems and reorganize their governance structures to stay competitive. The only thing that hasn't changed much is the language of trading. A New York Stock Exchange
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