Dog eat dog – competition is
still increasing 4
Company profiles 17
BM&F Bovespa (BVMF3) 18
Deutsche Börse (DB1 GR) 23
Dubai Financial Market
(DFM UH) 30
Hellenic Exchanges 36
London Stock Exchange
(LSE LN) 44
NYSE Euronext (NYX N) 50
Disclosure appendix 61
Disclaimer 64