The magnitude of population that has benefitted from this growth far surpasses that of the rest of the world, and in particular of Western Europe and North America. Broadly speaking, the evolving pattern of Asian urbanisation has naturally corresponded to the shifting focus of economic growth over this period.
In order to carry out and clear cross border securities trade efficiently, electronic trading, clearing, and settlement systems must be synchronized. Technology in use on the national exchanges seeking to integrate operations must be harmonized as the systems used across the exchanges are not identical, they must at least allow for an efficient, uninterrupted flow of information across borders.