The evolution of european exchanges


"In the future, the stock market will not revolve around brokers, or dealers, or specialists. It will not be limited to the physical location, to a trading floor, even to a central database. The stock market of the future will take place wherever individuals access each other to trade securities. A seat in the stock exchange of tomorrow will be any chair in front of a computer with a modem."

This is the view of Andrew Klein, founder of Wit Capital Corporation. Whether or not his view will hold

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