$US20 trillion global sharemarket in the works

A global sharemarket, worth $US20 trillion, is under negotiation after the New York Stock Exchange approached nine international stock exchanges (including Australia) to partake in the plan which aims to develop a 24-hour international equity market.

‘ASX in global market talks', Aaron Patrick and Melanie Beeby, The Australian Financial Review, 09/06/00, p 1.

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