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The U.K.'s Upstart Tradepoint

Traders Magazine, December 1997

Staff Reports

Two years before Big Bang II hit London last October, transforming the London Stock Exchange's (LSE) strictly quote-driven dealer market, Tradepoint Financial Networks was started as a computerized, order-driven market. Buyers and sellers would simply meet electronically and negotiate their own prices. Tradepoint, which is officially recognized as an exchange, trades domestic U.K. stocks. However, it does not trade foreign stocks, like SEAQ International.

Tradepoint is officially recognized as an exchange and trades domestic U.K. stocks. Unlike SEAQ, it does not trade foreign stocks.

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