For Virt-x, Increased Volumes Means Increased Monitoring
TRANSACTION SYSTEMS
LONDON--Virt-x, the pan-European blue-chip exchange launched in June, saw its turnover during September rise to nearly 60 million euros, up from just over 49 million euros for the previous month, while the number of trades executed over the exchange shot up from around 578,000 trades in August to nearly 870,000 in September.
Because of the increase in volumes, Virt-x aims to add a member to its team to address N2, the Financial Services Authority's new measures to combat market abuse. N2 will
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