Jon Prideaux and Martin Graham have shelved the proposed Global Growth Market, which was meant to serve venture-backed companies worth under $5 billion. The project needed about £4 million—approximately $5.3 million at this morning's exchange rate—to build and operate its platform for a year, but failed to secure enough broker and bank support. That is an informative failure. London's listing problem is not merely the absence of another venue; it is the missing two-sided commitment from issuers, research, market makers and institutional buyers. A new matching engine cannot manufacture that ecology. Financial News London, September 28