Europe’s stock exchanges, squeezed in recent months by slumping trading volumes and a slew of new rivals, are set to bounce back this year, taking advantage of their financial clout to reclaim lost turf, according to a new report.

Miranda Mizen, an analyst with Tabb Group and author of the report, said: "Multilateral trading facilities received the lion's share of air time and attention [in 2008, but] this year the exchanges will bite back."