Or in other terms, is a transatlantic infrastructure the best (soundest and more efficient) answer to a “regional” market? Or will a network of interoperable regional infrastructure better fit? 2. A global market does not necessarily require only one global infrastructure. On the contrary competition among a few can be beneficial for the users. 3.
So far transatlantic infrastructure has been a US-based infrastructure also serving European markets. The higher integration of US markets provided undoubtedly a competitive advantage to them in doing so. But nothing prevents a transatlantic infrastructure offering services in Europe and then expanding to other regions. The first two questions are for all market participants and regulators.