Financial Market Trends: Europe vs. US brings together and compares the size of key financial market in Europe with the US. IFSL’s October 2008 report found that in more than half of the activities monitored trading in Europe outstrips the US in 2007.
IFSL’s annual report Financial Market Trends: Europe vs. US brings together and compares the size of key financial market in Europe with the US.
IFSL’s October 2008 report found that in more than half of the activities monitored trading in Europe outstrips the US in 2007. Over the longer period since 2001 activity in Europe rose relative to the US in 13 out of 18 markets
The survey reveals that in over half of activities, 10 out of 16, Europe’s share
rose relative to the US between 2006 and 2007, with no relative change in
one activity. Over the longer term between 2001 and 2007 Europe’s share
rose in 13 out of 18 markets. Most of the gains over the past six years have
been in 8 out of 9 sectors where activity in Europe is smaller than the US.
The largest gains in Europe have been in management of hedge fund assets
and issuance of domestic bonds. Europe has also made some large relative
gains since 2001 in sectors where it has the larger market, including cross border bank lending, issuance of international bonds, IPOs and isurance premiums.
The US has made up ground in a few areas in recent years, particularly
foreign equity trading, where the gap with Europe has been largely closed, as
well as OTC derivatives where Europe’s lead has been curtailed. The overall
trend over a number of years demonstrates London’s continuing importance
as the capital for many of Europe’s wholesale financial markets.
To read the report go to:
http://www.ifsl.org.uk/output/ReportItem.aspx?NewsID=44
Picture: Creative Commons: FlickR: formfaktor
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