LSE to Merge Turquoise, Baikal

The LSE began speaking with the bank-backed MTF in late 2009 about a possible purchase (DWT, Oct. 5, 2009) and announced its acquisition of a 60-percent stake in the business on Dec. 21, 2009.

The LSE plans to announce who will head the integration project in February, according to exchange officials. However, it's rumored that David Lester, CIO of the LSE, will be the project lead.

The initial plan will combine some of Baikal's features with Turquoise's liquidity aggregation service, which routes

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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