LSE to use Baikal platform to take on Europe

Article reports that the London Stock Exchange plans to use its Baikal block trading platform to spearhead a push across continental Europe and will try to boost its UK market by attracting a new breed of high-frequency electronic trader to its SETS order book.

On the 21 April 2009 the LSE announced moves towards launching a pan-European share trading business by picking Fidessa, a trading technology company, and BNP Paribas, as partners for Baikal, its planned block trading platform.

ESO: Background information: LSE and Lehman’s platform to have ‘dark pool’ http://www.europeansources.info/record/lse-and-lehmans-platform-to-have-dark-pool/

Website: London Stock Exchange http://www.londonstockexchange.com/en-gb/

ESO: Background information: Chi-X to offer dark alternative for Europe http://www.europeansources.info/record/chi-x-to-offer-dark-alternative-for-europe/

LSE: Press Release, 21.4.09: Baikal announces key technology partners http://www.londonstockexchange.com/about-the-exchange/media-relations/press-releases/2009/baikal-announces-key-technology-partners.htm

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