Baikal Selects Technology Partner

LSE officials also announced that the new platform's dark book, which will go live later in the year, will run on the LSE's TradElect matching engine.

From the MTF's launch date, LSE officials are looking to route unmatched order to 20 venues in 14 countries, according to James Baugh, head of client management for Baikal. For the markets where Baikal is not a member, the MTF operator plans to use direct market access (DMA) services, Baugh says.

"Baikal will basically offer two things: the dark

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