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The LSE, by contrast, has always spoken of "horizontal integration" being the way forward - a vision of tightly comparable trading businesses across various European centres getting together to create a unified pan-European marketplace through that companies can raise cash.
The on-line art and collectibles market is beginning to create a comparable trading mechanism.
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So-called "Big Tobacco" firms have already used similar legislation to sue countries around the world: Philip Morris used a comparable trade treaty to take legal action against Australia over mandatory plain cigarette packaging and is also suing Uruguay in a $25m lawsuit over its attempts to enlarge health warnings on cigarette packets.
"I think it's highly comparable to trading," says Holz. "People have a better understanding of how [trading] works because it has existed longer and people are more familiar with it.
Quite simply, at an absolute minimum, an Obama-Clinton combination doubles the firepower that Republicans will have to aim at the Democrats on a scale comparable to trading in a single barrel shotgun for a double-barreled one.
The appropriate multiple is determined by comparing the enterprise value of comparable publicly traded companies to their trailing twelve months EBITDA.
Across the 40 countries, our data show that tourism tourism accounts for over 8percentt of this expanded definition of exports, making it comparable to trade in oil and energy, and just slightly smaller than trade in agricultural products.
Already, around two-thirds of the new EU members' trade is with the Union's 15 incumbents, a level comparable with trade among those incumbents.For companies from western Europe, the attractions of countries like Poland, Hungary and Slovakia have long been obvious: they are close and they are cheap.
It's not possible to predict exactly how long it would take, but comparable international trade deals have taken on average between four and nine years.
Many analysts, for example, would value an incubator in part by assigning a potential market value to its still-private holdings based on comparable publicly traded stocks, then perhaps double that amount to account for the synergies and management expertise provided by the incubator parent.
Based on valuations of comparable publicly traded companies, Forbes estimates Craigslist is worth at least $3 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com