Lights Go Out at the LSE

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It has been at the very epicenter of London's equity trading market for centuries and yet the London Stock Exchange (LSE) has yet to properly explain why it was completely out of action for the majority of Sept. 8-what could have been the busiest trading day of the year. To make matters even worse, the LSE's chosen joint venture partner for its putative dark liquidity pool, Baikal, has filed for bankruptcy, leaving the future of the project in grave doubt.

On Monday, Sept. 8, the global

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