Introduction The present situation in the world shows that there is an increased need for the global financial market where all the parts of the world would be united and it would be possible to conduct deals all over the world. The process of market consolidation started 100 years ago when the capital started to move across the borders of the countries. During the 1880 � 1913 the industrial countries, Great Britain, France, USA and etc., exported extensively capital in level that, if compared with GDP those countries produced during this time, has not been reached. In nowadays the second wave of the financial market consolidation is taking place. The main reasons behind this process are the increasing globalization and the new technological possibilities. The Technologies nowadays have developed so far that by using satellites, computers and other forms of communication is it possible to make a deal between two parties without reference to the distance between them. Also the value of the deals that are taking place over long distances has increased if compared with time 20 years......

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