Smart Routing No Longer Just an Option
Instinet's MTF, Chi-X, is currently the most successful alternative European trading venue, but will soon face new competition, as the Turquoise MTF plans to go live in 2008 (see story, page 7), say panel participants who spoke during FIX Protocol Limited's (FPL's) recent EMEA quarterly meeting, held at the London Stock Exchange (LSE).
Chi-X offers lower prices, higher speed, rich functionalities and competitive features for any new entrant, says Richard Balarkas, managing director and head of
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