Stepping smartly

EXCHANGES

London moves on Borsa Italiana's equities markets and MTS bond system while launching its new TradElect platform with enough capacity to boost it to the top of the global exchange heap. But, despite putting its LSE stake up for sale, Nasdaq could still be the technology spoiler, if the New York market pulls off its OMX acquisition in the face of a rival bid.

The London Stock Exchange knows how to fight its corner. After successfully fending off two takeover bids from Nasdaq, the LSE itself

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