What does the future hold for global stock exchanges after COVID?
The COVID pandemic is altering the face of stock exchanges worldwide and threatens the continued hegemony of the American NASDAQ and the New York Stock Exchange (NYSE). Tensions between the US and China and Brexit contribute to the crisis. Alissa Kole writes that developed market stock exchanges, remade as technology companies, will face an uphill battle in light of unfolding political and financial dynamics.
Among its other unintended consequences, the pandemic is continuing to alter the face of stock exchanges worldwide. For the past two decades, the trajectory of stock exchanges has been quite linear and hence predictable: they have demutualised or privatised and subsequently consolidated, until recently in horizontal industry…
