Nordic Conquest

Exchanges

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It's a tough time for European multilateral trading facilities (MTFs). Just months after the Markets in Financial Instruments Directive (MiFID) came into force-the piece of regulation that enabled the existence of MTFs-the credit crunch set in. Stock values and trading revenues have taken a nosedive, leaving many wondering if the fragmented landscape is ripe for consolidation. Despite this, a new entrant is about to go live: Burgundy, owned by Scandinavian banks and brokers, will launch this

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