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“Our market will have a ‘lit’ order book with a dark pool behind it and will offer users the possibility of matching between the two” |
Months after Chi-X, a rival MTF run by Instinet, began operations, the consortium behind Project Turquoise has announced the appointment of a CEO and management team, led by Eli Lederman, CEO, and Adrian Farnham, COO, two executives from Morgan Stanley’s electronic trading business. Project Turquoise this November also announced the appointment of a chief technology officer, Yann L’Huillier, the former chief information officer of the Boston Stock Exchange, and its chosen technology partner, Synober, which was also the chosen partner of Project Boat, another investment bank consortium-backed company that handles trade data.
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