MiFID Pushes Trading into New Era
Traders Magazine, September 2007
In mid-November of last year, seven powerful investment banks announced they had formed Project Turquoise to create a new execution venue for European stocks. On the news, the share price of all the big publicly traded exchange operators in Europe dropped by 7 to 10 percent. Although the stocks recovered, the market activity showed the fear and uncertainty exchanges face as a new world order dawns on the European equities trading landscape.
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