European share-trading.
Economist (US), The, February, 2000
Crowded field
THE new year is already six weeks old, so it must be time for another exchange that will "revolutionise pan-European share trading." On February 8th, it was the turn of OM Group, which owns the Swedish stock exchange, and Morgan Stanley Dean Witter, an American investment bank. Their offering is called Jiway, which is supposedly the Chinese word for wisdom. Jiway joins a crowded field that already includes: a moribund alliance of traditional stock exchanges in eight European countries; Tradepoint, an electronic exchange; Easdaq, launched three years ago as Europe's version of New York's high-tech heavy Nasdaq; a coming venture by Nasdaq itself, Nasdaq-Europe; and a few "crossing" networks such as Posit and E-Crossnet, that would allow fund...
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