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Judith Hardt, secretary general of FESE, told Financial News: “The next move for FESE is to reach out to the MTFs. It is important for FESE’s credibility that entities such as Bats Europe and Chi-X Europe are involved and can participate in debates on industry issues. It’s also important to signal that the European exchange community has embraced competition. The industry is moving to a new phase, and FESE must reflect that.”
The lobby group does not currently allow in alternative trading platforms such as Chi-X Europe, Bats Europe or Turquoise, which together account for 30 per cent of pan-European trading by value, according to Thomson Reuters. In 2009, the London Stock Exchange also withdrew from the group.
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