Now One Year Old, E-Crossnet Offers Six Crossings Daily

TRADING AND EXCHANGES

LONDON--E-Crossnet’s business development manager, Alex McDougall, says the network has had a successful first year of operation. The system launched March 23, 2000 (Investment Management Technology, April 10, 2000).

Some in the industry thought the firm was ambitious to expect a matching rate as high as 6 percent (IMT, Sept. 13, 1999). Rates have reached 10 percent at times, says McDougall. He also says typical daily order flow of 1 billion euros is becoming increasingly common. Back in May

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