Since the 1980s, when stock exchanges first began to demutualise and privatise, the race between large stock exchange groups has intensified, while the industry has and continues to witness ongoing consolidation both horizontally and increasingly vertically. In this op-ed out today in the LSE Businesss Review, our Managing Director examines the consequences of these dynamics and outlines her views on the potential role for emerging market stock exchanges which are poised to affect the hegemony of American stock exchanges in the post-COVID environment. Here

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