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Exchanges return to their SME roots

Fresh attention is now being given to long-neglected SMEs, which are vital to economic recovery but starved of capital

Europe’s leading stock exchanges are returning to their roots. The London Stock Exchange Group, NYSE Euronext and the Icap-owned ISDX Exchange are among a number of markets that have launched new segments or initiatives to help small and medium-sized companies raise finance in the past year.

The push comes as stricter capital requirements have meant banks have significantly curtailed their lending to SMEs, forcing the companies to turn to alternative funding sources.

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