LSE says Lehman JV to be profitable in first year
LONDON (Reuters) - The London Stock Exchange (LSE.L) said on Wednesday its dark pool trading joint venture with Lehman Brothers LEH.N would be profitable in the first year of operation.
The joint venture called Baikal will start business in the first quarter of 2009.
LSE Chief Executive Clara Furse told reporters the LSE had received good response from the buy side during a U.S. roadshow to introduce the new platform.
(Reporting by Daisy Ku; writing by Olesya Dmitracova)
© Thomson Reuters 2009 All rights reserved.
Telecoms set for take-off?
European telecoms are undervalued and companies such as Telefonica and Vodafone could rise 25 to 30 percent in the next year, says a fund manager at BlackRock. Full Article
UK
US
Carbon trading may cause collapse