It’s no secret that Paris has long been a fierce rival of London. But recently, the City of Lights has been stealing the spotlight when it comes to stock exchanges.
The Paris Stock Exchange (PSE) has been quietly gaining on the London Stock Exchange (LSE) for some time now. As a result, the PSE has become the world’s second largest stock exchange in the past few years, just behind the New York Stock Exchange (NYSE).
So, what’s driving this power shift? One of the main reasons is the increasing number of international businesses choosing to list their shares on the PSE.
This trend started in the early 2000s when many companies from the European Union and beyond began to list their shares on the exchange.
The PSE has also been aided by the European Union’s financial regulation, which has made it easier for companies to list their shares on multiple exchanges across the EU, which has given companies more options when it comes to where they go to raise capital.
At the same time, the PSE has been investing heavily in technology and building new trading platforms that have made it easier and faster to trade shares. Doing so has attracted more international investors to the exchange, giving it a competitive edge over the LSE.
The PSE has also benefitted from the fact that it is located in the heart of Europe. This means it is well-positioned to take advantage of the continent’s strong economic growth.
But the PSE’s success is more than just its location and technology. The exchange has also been very proactive when it comes to marketing itself. It has made a big push to attract new companies to list their shares on the exchange and has hosted several high-profile events to promote the PSE.
The exchange has also made a concerted effort to reach out to international investors. It has opened offices in a number of major cities around the world and has invested in marketing campaigns in key markets.
The strategy has clearly paid off, as the PSE has been able to attract a large number of international companies and investors. In fact, the PSE now has more than 2,000 listed companies from around the world, with a combined market capitalization of over €1.5 trillion.
So it’s no surprise that the PSE has been able to take the lead over the LSE. But it’s not just the PSE benefiting from this power shift. The success of the PSE has been good news for the European economy.
By attracting more international investors, the exchange has helped to strengthen the European markets and has given European companies access to much-needed capital. This has helped to create more jobs and has spurred economic growth throughout the continent.
So, while it may have taken a few years, it looks like Paris has finally stolen the limelight from London.
