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2001: Electronic Exchanges Fought For Life and Liffe

EXCHANGE TECHNOLOGY

LONDON--If one entity can sum up the spirit of 2001--at least in Europe--it is the new electronic blue-chip equity exchange Virt-x, the joint venture between the Swiss Exchange and what used to be called Tradepoint (TTW, June 25).

Within six months of its June launch, the talk was not of whether it will be taken over, but when and by whom. In the current climate the exchange, which uses the same trading platform as its parent the Swiss Exchange, may not even remain independent long enough to

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