First Word: Are Europe’s investment banks hedging their bets?
At 23 Jan 2008 12:43:09 in ET-First Word, Electronic Trading
What is the significance of the overlap between the investment banks backing Turquoise and those that have now become equity participants in Chi-X Europe? Sure, these investors have plenty of money to throw around on initiatives like these (or at least they did prior to sub-prime). But could this also be a two-way bet: an effort to ensure that the leading sell side firms back at least one winner, and notch up pressure on Europe’s incumbent exchanges?
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