European Crossing Networks Adopt Differing Settlement Strategies

TRANSACTION SYSTEMS

LONDON--Crossing networks have opened for business in continental Europe at last with the launch of E-Crossnet, and the rival ITG's Posit network widening its reach beyond London stocks.

Whereas both networks seek to provide institutional investors with the benefits of mid-market dealing prices, anonymous dealing and minimised market impact, they involve differing settlement practices.

E-Crossnet is still in its first month of live operations since its launch on March 23, 2000. It offers insti

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