A Real Donnybrook
STOCKHOLM
Has gone furthest in privatizing and slashed fees. It's also signing up members outside Sweden
LONDON
Automating and cutting fees to catch up with Continental competitors and electronic startups
FRANKFURT
Cutting fees and upgrading its electronic system--probably before closing down stock-trading floors
PARIS
Offered to buy the Matif futures exchange. Linking its fixed-income derivatives market with Frankfurt and Zurich
MILAN
Privatized exchange in September and has electronically merged Italy's 10 regional stock markets
AMSTERDAM
Merging its trading and back-office operations to offer investors one-stop shopping. Plans to privatize by 2002
DATA: COMPANY REPORTS, BUSINESS WEEK
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