Not easy to fight Apple Google RIM and SamsungPepper's in the difficult recording of Let it beDC Entertainment will announce details of its menu in early 2010In this private class are undoubtedly the AntinoriThe performance had previously climbed above 1New frontiersAchaque day sufficient sentenceWhat highly stimulating employment of engineers7 in 2008 the first half of 2009 was nightmareIt already gives the color to what will be its mandateWith Windows 7 Microsoft intend a fresh startThe 1980s and the beginning of the 1990s saw the construction accelerated stock industries, under the aegis of the automation, real time and the direct access to the capital market. The objective was to ensure the production of price negotiation in the best conditions of timeliness, quality, cost; It will be progressively to ensure the delivered titles and species settled transaction. The French Awards society then completed the national consolidation that could not succeed Deutsche Börse AG, leaving the regional awards. Despite armies of consultants and tons of methodology, undisputed champion of the European markets, the London Stock Exchange, failed in the modernization of its procedures; This delay is will pay dearly. As the first stock exchange in the world, the New York Stock Exchange, he calmly continued his run, market brokers, property of its members, organized and regulated by the interests of these members together in cooperative.
Few are those who saw a change of nature in the birth of an industry market in trading activity. The decisive movement of the 1990s has completed the privatization of enterprises in market, privatization embodied by the rating of these companies. Euronext rating Euronext and Nyse rating the Nyse. The objective was to make the production of financial transactions provision of services competitive, profitable, unmarked, so questionable. Initially insensitive by its effects, the situation has huge consequences. The first is that market business must be profitable and satisfy their shareholders, which blend more with their customers. Brokers are owners of the New York Stock Exchange and shareholders of Euronext is diverse since many French bankers chose to take profits on a title admittedly much valued. The second is that all market companies are in competition to list all the major global values and address all the major global investment fund operations. The third is that the trading activity will be deported; Islamic finance seeks its place of reference, areas of activity of China, Southeast Asia and the India also become the pools of savings.
In the early 2000s, the objective of market industry is there; to allow all offers of investment to meet all investment proposals, everywhere in the world and at any time, under the conditions of quality, security and transparency for regulated markets. We are far from the time where it was to facilitate domestic firms access to the domestic capital market. The public authorities, by economic patriotism misunderstood and especially invoked evil in regard, refuse to measure that Europe is not a relevant market for the vast majority of businesses, and especially not a Europe in which gaps in direct and indirect taxation, the difference in social costs and the remoteness of the law of contracts remain what they are. The relevant market is worldwide, and the choices of location of the activities, business development, as appeal to capital, are on the map of the world, not from Europe.
This finding indicates that the debate is already more of European consolidation, to make a fortress Europe in the financial world. It is the participation of the European market companies to global networks of scholarships, tomorrow or day after tomorrow, will compete. And it is that of governance open to the development of the activity rather than on the consolidation of the regional pension. As he emerges, stock landscape will indeed see global packages, building consistent architectures between Nasdaq, London, Mumbai and Tokyo for one, Nyse, Paris, Milan, Dubai and Shenzhen for another, in order to ensure at any time and in the best conditions of price meeting offers and proposals for investment. Whatever the political aspects, European integration of the awards is a project of the past, it has all chances to protect pension, very little to meet the needs of development of the markets that have projects and not in contact capital markets which have capital and not projects. The issue is. Obviously, it must be present in the analysis and thinking of all those who will have to appreciate the offer of reconciliation between the Nyse and Euronext, similarly to those who see the alliance between Euronext and the Milan Stock Exchange.
Because the reality is brutal. A small number of countries around the world concentrating most of the major business projects, innovations and projects that create the economic empires that await investors tomorrow. It is not irrelevant that the India and China have entered recently in this very exclusive club of countries likely to count some of the first global entrepreneurs. In parallel, a small number of countries in the world focused the bulk of the savings, the investors and global investment capabilities. There again, it is not irrelevant that the countries of the Persian Gulf, the region that runs from Shanghai to Hong Kong, tomorrow perhaps region of Mumbai, are among the most productive basins of investment in the world, those in which the private wealth grows and is soon disseminates.
The participation of these companies and the capital to the world market is the first issue of the stock industry; and it is a French issue to speed up the networking of this planet financial rather than cultivate his garden from the fortress of Frankfurt.
