This perspective is certainly a supporting factor for the development of segments of the stock market dedicated to relatively small and/or new firms, the so-called “new markets”. I would like to conclude this brief discussion of trends in euro area financial markets with a reference to the - admittedly still timid - emergence of new market places operating on the internet.
It appears that internet market places have the potential to cover a broad range of activities, both on the so-called primary market at the time of issue of new securities and on the secondary market.