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Cash management poll 2008:

Cash management poll 2008:

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Liquid Real Estate Awards

Liquid Real Estate Awards

2008 results released

May 2008

Exchange competition: It’s a win-win game, for now

Competition between trading venues is leading to soaring trading volumes in Europe. Brokers are reaping the benefits and incumbent exchanges have yet to feel any pain, despite the success of new competitors.




"Important structural changes are taking place in Europe"
David Easthope, Celent

Chi-X, still the only order-book-model pan-European alternative trading system, has made impressive progress since it launched in April 2007. Volumes have soared and Chi-X has made a significant inroad into the market share of Europe’s leading exchanges, reporting on some occasions as much as 13.18% of total trading in FTSE 100 stocks, 6.82% of Dax 30 trading, 10% of all trades in Dutch AEX 25 companies and 5.36% of CAC 40 volume.

Plus, an upstart London-based exchange offering a quote-driven market catering mainly to smaller brokers, has also shown impressive growth, winning market share from the London Stock Exchange. In the first quarter of 2008, Plus traded more per day on average than AIM. Plus also traded more than half the volume in more than 600 small and mid-cap companies in March 2008, the most...


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