The London Stock Exchange has announced the launch of a new pan-European equity trading platform in partnership with investment bank Lehman Brothers.
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.
AdvertisementMost 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 on Tuesday that it had agreed to buy 25% of the Doha stock exchange for €161m.
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