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Financial Times
Financial Times
Business
Katie Martin and Nikou Asgari in London

Why Europe’s stock markets are failing to challenge the US

United States European Union Europe LSE Stock Market United Kingdom Euronext FT America Citi
Europe’s exchanges have been losing out to the power of the US markets © FT montage/Bloomberg/Reuters/Getty Images

In 2006 the London Stock Exchange scoffed at the overseas suitors casting eyes in its direction.

At the time, bourses in Europe were locked in a dizzying dance of potential marriages. Several of the biggest had already united to form Euronext. Germany was trying to position itself as a global leader. Supersized US rivals were circling, looking to snap up European markets and create transatlantic powerhouses for listings and trading.

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