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am I correct in thinking that some things you don't sell to outsiders? For security reasons at least...stock markets are pretty much everything in a modern econ
by onetimemanytime 7y ago
am I correct in thinking that some things you don't sell to outsiders? For security reasons at least...stock markets are pretty much everything in a modern economy.
- ptah 7y agothat ship sailed in the thatcher era
- eng888888 7y agoAbsolutely, Thatcher taught us that any money is good regardless of its origin. Long term consequences be dammed.
- deleted 7y ago[deleted]
- radicalbyte 7y agoIt's Brexit Britain, everything is up for sale.
- rezeroed 7y agoIt's not for sale: "The unsolicited approach".
- AzuraJergen 7y agoThat is true for most countries, but as you realize that there a limitations to your capacity, self-imposed or otherwise, you are bound to send production to another country, often an 'ally' nation.
- onetimemanytime 7y agoTrue, I should have said major countries. A small country has no chance, they best hope to chose the least worst partner /patron. But USA, UK, Germany, France etc can handle stock exchanges just fine without any HK (Chinese?) money /influence.
- deleted 7y ago[deleted]
- onion2k 7y agoIf you look at the history of the London Stock Exchange Group it's far from being British already - https://en.wikipedia.org/wiki/London_Stock_Exchange_Group https://en.wikipedia.org/wiki/London_Stock_Exchange_Group
- itchyouch 7y agoNasdaq runs/operates something like over 70 exchanges world wide selling "exchange technology" to nation states. Countries have bespoke rules as to how they utilize outside help, everything from merely purchasing the source code and running & operating themselves to fully outsourcing everything. Outside of US equities, most other worldwide markets are pretty tiny as far as transaction volume goes.
- ptah 7y agoIn the UK even nuclear powerstations are outsourced to French and Chinese state owned companies
- sdinsn 7y agoOnly French state owned. There are 8 nuclear powerstations currently operating in the UK, and they are all owned and managed by EDF Energy, the UK subsidiary of the French state owned EDF. Obviously there is a large difference between French and Chinese state owned companies
- oblio 7y agoOne would assume that after having fought 2 world wars on the same side, despite the banter, France and the UK should be seen as allies and friends.
- dagw 7y agoMost stock exchanges are owned by some "outsider" publicly traded company. The London Stock Exchange owns the Milan Stock Exchange for example.
- riffraff 7y agomore precisely, I think, the London Stock Exchange Group born of the fusion of Milan (28%) and London(72%) owns the London Stock Exchange, and Milan Stock Exchange.
- Scoundreller 7y agoAs far as stock exchange companies go, they’re fairly well concentrated in the UK. Meanwhile the NYSE is owned by ICE with tons of EU operations after buying Euronext (ie: Paris and Amsterdam to name 2). Nasdaq owns a bunch of Baltic and Scandinavian exchanges. The Boursa Italia isn’t exactly a juggernaut in EU/world terms. And there’s lots of exchanges for Italian companies to list on if they want good access to their shares (e.g. Ferrari cross listed in NY).
- kasey_junk 7y agoExchanges are largely publicly traded and thus owned by large swaths of individuals, not nation states (though Hong Kong & China are different). For euro based exchanges the ship has largely sailed even with where their corporate parents are based with giant impactful exchanges like Liffe being owned by external companies.
- fasthandle 7y agoHKEX bought Londom Commodities Exchange a couple of years ago.
- OJFord 7y agoNot at all, it's par for the course for a country's government to review such a deal, some pass and some don't. Recently (2016) in the UK SoftBank's acquisition of Arm was at least somewhat controversially approved; it was by no means a done deal just because SB offered and shareholders agreed.