Easdaq Falling Behind in the Effort to Become Europe's Nasdaq
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When the Easdaq stock market opened in Belgium in 1996, its founders envisioned a European counterpart to Nasdaq, the U.S. home to Microsoft Corp., Intel Corp. and other technology companies that have fueled the world's bull market in the Nineties.
It hasn't worked out that way. Easdaq's aims have been thwarted amid competition from exchanges such as Germany's Neuer Markt, six months younger than the Easdaq. If there is a fledgling European Nasdaq, it's as likely to be the Euro.NM, an alliance of European exchanges dominated by the Neuer Markt.