But is designed to support the evolution of this marketplace which may, one day, allow for some form of electronic exchange to emerge.

ECONOMIST: An exchange for species rather than stocks

Legislation will be introduced to promote electronic commerce and start modernising the law, improving competitiveness by enabling the United Kingdom to compete in the new digital marketplace.

BBC: The Queen's speech in full

"It was a great head fake for Thain to set up this committee when he had the Archipelago deal in his back pocket, " says Seth Merrin , chief executive of Liquidnet, a privately held electronic marketplace for institutional traders and an NYSE rival.

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