Commentary: The Neuer Markt Needs A Watchdog With Teeth

Frankfurt's Neuer Markt became the dominant exchange for European tech shares after it opened in March, 1997. One key to its success: a standard for openness that shamed even blue-chip indexes like the DAX. Neuer Markt startups have always had to report earnings quarterly, for example, while blue chips like Volkswagen only recently started doing investors the favor.

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