LSE to create ‘Baikal’ MTF with Lehman Brothers

26 June 2008

The LSE and Lehman Brothers will create a pan-European MTF for the execution of non-display orders. Baikal comes only days after the LSE lost out to its rival NYSE Euronext for a 25 per cent stake in Qatar’s stock exchange.

The LSE and Lehman Brothers will create a pan-European MTF for the execution of non-display orders. The MTF will combine a dark liquidity pool with sophisticated algorithmic trading functionality.

 

Baikal comes only days after the LSE lost out to its rival NYSE Euronext for a 25 per cent stake in Qatar’s stock exchange. It is intended that a Strategic Advisory Committee and working groups will be operational from Q3 2008, further details of which will be announced shortly.

 

Press release

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