Pressure on European exchanges increases

The pressure on Europe’s largest stock exchanges increased this morning after Turquoise, the trading system backed by nine investment banks, went live and Nasdaq OMX, the transatlantic exchange, announced a plan to launch a London-based listing service.

Turquoise, which has announced a series of soft launches over the last month, went fully live this morning at 07:00 GMT, offering customers the ability to trade 1200 stocks in 13 European markets.

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