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Credit Suisse Buys into Axe ECN

At 01 Apr 2008 11:18:54 in A-Team Free, AMIT-ECNs and ATSs, AsiaMarketsIT.com, Delivery Terms, ET-ECNs & ATSs, Electronic Trading    Print Article  Email Article   Full content is free with registration 

Credit Suisse is acquiring an undisclosed stake in Axe ECN, the alternative execution venue targeting the Australian marketplace (Asia Markets IT, April 2007). The ECN, which is expected to launch in mid-2008 (Asia Markets IT, June 2007), is being set up by the New Zealand Exchange (NZX) and five other banks to compete with services provided by the Australian Stock Exchange (ASX). The size and value of the Credit Suisse stake has not been disclosed.

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