LSE, Lehman Brothers Go Dark
The new venue, to be named Baikal, targets the European equities market, say officials. It will be the first to combine a dark pool with algorithmic trading functionality, officials claim. The launch, subject to approval by the European Community Merger Regulation (ECMR) and the U.K.'s Financial Services Authority (FSA), is set to take place in the first quarter of 2009, says a spokesperson from the LSE.
Baikal, which will operate as an independent business, will use its own independent trading
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