LSE teams with Lehman for pan-European trading platform

0 Comments | AFP, June, 2008

LONDON (AFP) — The London Stock Exchange announced on Thursday the launch of a new pan-European equity trading platform in partnership with investment bank Lehman Brothers in the face of mounting competitive pressure.

The LSE said the trading platform, named Baikal, would allow investors to trade shares in 14 European countries and enable them to keep their identities partially concealed.

The London Stock Exchange is facing growing pressure from transatlantic rival NYSE Euronext, which brings together stock markets in New York, Paris, Brussels, Amsterdam and Lisbon.

Most recently, the British company lost out in a race to buy a stake of the Doha stock exchange in the fast-growing and oil-rich Middle East region.

NYSE Euronext said Tuesday that it had...