New Threat for LSE from Rival Exchange
Friday, April 17, 2009 8:01
The London Stock Exchange are now facing a new challenge to its share trading dominance.
Yesterday, Deutsche Boerse announced that it will launch a new, pan-European equities trading platform, which will be called as Xetra International Market. The new facility will be launched in the fourth quarter of 2009 and will involve UK shares at a later stage. It will allow the investors to trade bluechip equities across the region.
The competition faced by LSE is already grappling with alternative trading facilities including Chi-X and Turquoise. Now, the launch of the new facility will bring higher pressure to the competition.
The move comes amid another strong day on stock markets across the world. After JP Morgan said profits dropped by a smaller-than-expected 10% to £1.4bn in the first quarter, the bank shares were boosted across the globe.
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