E-Crossnet Goes Live In European Equities
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LONDON--E-Crossnet, the securities crossing network, began operations last week with the first of its 32 European partners. E-Crossnet’s network, which will take out the middle market prices with no bid/offer spread and minimize market impact, says that it can reduce the cost of securities transactions by up to 80 percent.
"Last July we set ourselves the target of launching an investors’ crossing network in the first quarter of 2000," says E-Crossnet CEO Nigel Foster. "We have met that target and
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