Broker Consortium Signs With Chi-X Europe

- WatersTechnology Staff
- 01 Feb 2008

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Instinet says 13 financial institutions have taken a stake in the Markets in Financial Instruments Directive (MiFID)-compliant equity trading platform which offers trading and clearing services that bypass Europe's existing exchanges and central counterparty infrastructure.

"The fact that they have invested shows they share the same vision about being able to build competition in Europe by way of a cheaper, faster marketplace," says Tony Mackay, president of Instinet Europe.

The financial

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