Posted on 16/08/08
Tourquoise joins upstart challenge to LSE
A new equities trading platform backed by investment banking heavyweights such as BNP Paribas, Citigroup and Credit Suisse began operating yesterday, piling further pressure on London Stock Exchange PLC and other traditional bourses. London-based Turquoise began trading with just five stocks each from Britain and Germany, but it expects to offer 1,300 of Europe's biggest shares across 13 countries by its official launch in early September. Turquoise joins a host of trading venues that have been created since changes to European Union laws last year.
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