Big Take Podcast

Europe’s Broken Markets Are Driving Innovation to Move Abroad

On today’s Big Take podcast: Financial markets in Europe have long lagged behind US markets. Now, Europe is trying to reverse the trend.

Traders work in the Frankfurt Stock Exchange in Frankfurt, Germany.

Photographer: Thorsten Wagner/Bloomberg

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Financial markets in Europe have long been fragmented and constrained, driving home-grown startups to list and raise capital in the US. Now, Europe is trying to reverse the trend. Can it hold onto innovative firms — and talent?