Fidessa fragmentation index hits the spot

The vendor says that the site received roughly 30,000 page impressions in its first few weeks and has been warmly embraced by market participants.

Driven by the proliferation of multi-lateral trading facilities (MTFs) in the post-Mifid era, Fidessa initially planned to create an internal measure of the level of fragmentation in European equities.

"As a major vendor in this space, we were getting confused by the way that Chi-X, Turquoise and the domestic exchanges were individually measuring fragme

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