The holding company's stock is quoted on six European exchanges.
Companies listed on the European exchanges have raised concerns about whose regulations would govern them.
Competition also exists between European exchanges on what is the most appropriate trading technique.
However, these contracts are not essential for the survival of European exchanges.
Other European exchanges have been slower to catch on.
Today, many European exchanges have their own "new markets."
Some European exchanges are trying to improve their efficiency and liquidity.
These groups depend on genuine European exchange to enable them to meet their needs.
The announcement created the biggest European exchange by far.
The main alternative to the multilateral contract described above, is the statutory system found on some European exchanges.