Europe Scrapes Plan To Build Electronic Trading Network
THIS WEEK'S LEAD STORIES
The European Community has scrapped a project to develop a single electronic securities market within the 12-nation trade bloc. At the same time, the EC committee in charge of the project has effectively abandoned it by handing it over to a commercial body.
Meeting last week in Luxembourg, the EC's Committee of Stock Exchanges decided to halt plans to develop facilities for swapping pre-trade price information among the trade bloc's exchanges. The committee will also stop operating an existing
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