The architects of a truly Europe-wide capital market, with a glance at consolidation among American exchanges, may hasten to encourage a pan-European solution, rather than fretting about silos.

ECONOMIST: Post-trade concerns could hamper a pan-European solution

Euronext, a continental stock exchange that offers central counterparty and netting services via its clearing house, Clearnet, says it is happy to discuss partnerships with other European clearing houses to find a pan-European solution.

ECONOMIST: The London Stock Exchange