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Europe in Pieces: For whom the bell tolls

Published in Automated Trader Magazine Issue 15 Q4 2009

The tussle between national exchanges and MTFs in Europe is hotting up. Who’s going to win? We packed David Dungay off to find out.

For whom the bell tollsWith few exceptions, fragmentation has been steadily increasing across all markets and it sometimes feels as if each week brings a new trading venue. Some have queried whether the playing field is level and if the only course of action for exchanges is to launch MTFs (which they all seem to be doing anyway

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