Reuters-Euroclear System Bypasses Euro-Exchanges
THIS WEEK'S LEAD STORIES
In an innovative move to boost international trading volume in its stock, Nestle, the Swiss food giant, is permitting eight market makers to quote executable prices for the stock over Reuters Holdings PLC screens and to settle trades through Brussels-based Euroclear.
The arrangement, conceived by Credit Suisse First Boston of London, streamlines trading in Nestle equities by allowing traders to bypass stock exchanges and often sluggish local settlement procedures.
If successful, the project
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