A-Team Insight: Cicada Acquisition Underpins Aggressive Chi-X Expansion into Global Exchange Systems Business

18 Nov 2008    Content is free with registration 

Originally appeared in MiFID Monitor

This week’s acquisition of Cicada Corp. by Instinet’s Chi-X unit sets the stage for a mouthwatering competitive battle in global exchange technology services, pitching the new European MTF’s and Cicada’s trading and market data capabilities against those of Nasdaq OMX and NYSE Euronext Advanced Trading Solutions. It also begs the question of why the London Stock Exchange – as one of the world’s dominant exchanges – has been so quiet in leveraging its not inconsiderable technology investments into a discrete exchange systems business.



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