London software testing news UK

LSE postpones testing Baikal

Posted in Acceptance testing by testing in London on November 10, 2009

From Computing

London Stock Exchange (LSE) is delaying the launch of its dark pool facility Baikal as the bourse continues talks with Turquoise over a possible acquisition. The dark pool facility, which allows traders to execute shares without displaying the pre-trade prices to rivals, could potentially be folded into Turquoise if the acquisition goes ahead.

It was reported that the bourse has stopped short of testing Baikal with clients as it was concerned it would anger customers if further changes are required following a possible merger.

Using technology provided in partnership with specialist supplier Fidessa and financial services giant BNP Paribas, Baikal is expected to provide a “one-stop shop for navigating fragmented liquidity across Europe” .

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