MTFs' Sentiments on Settlements

Moderator:

We are pleased to have the two European challengers for the title of European champion in the capital markets. In the right-hand corner we have Peter Randall, CEO of Chi-X, who has led all the running to date. In the left-hand corner we have Eli Lederman, the CEO of Turquoise. Let's start with Eli, the new boy on the block.

Lederman:

Thank you. At my age, it's a thrill to be called the new boy at anything. I thought I would start by giving everyone an update on Turquoise. The way I

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