Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Exchanges

10:32 AM
Connect Directly
RSS
E-Mail
50%
50%

Baikal Receives FSA Approval, Readies for Roll out

Baikal has received approval from the Financial Services Authority (FSA) and will begin a phased roll out.

The pan-European MTF and dark pool by the London Stock Exchange will start with the introduction of smart order routing to 17 execution venues trading in 6500 stocks in 14 European countries. Order book and additional functionality will be launched later this year.

In a statement, Xavier Rolet, chief executive of London Stock Exchange, said, “In line with our ambitious launch timetable, we have delivered the first part of Baikal's solution for aggregating liquidity and solving the challenges of market fragmentation. We look forward to building on this important milestone with the launch of the non-display order book and further liquidity aggregation services later in the year.”

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.