Feeds

London Stock Exchange grabs rival

Turquoise talks are go

Choosing a cloud hosting partner with confidence

The London Stock Exchange is in exclusive talks to buy Project Turquoise, the rival trading platform set up by nine banks in order to push down transaction fees.

A formal statement was issued yesterday confirming talks. Turquoise launched its electronic share dealing platform in late 2008. It gives access to 15 European exchanges.

The deal would be the second big buy for LSE's new chief exec Xavier Rolet - in September the exchange bought MilleniumIT, the Sri Lankan development firm, for £18m.

Project Turquoise had a difficult birth and was nicknamed Project Tortoise thanks to its delayed arrival.

It aimed to exploit changes to European regulation to allow multi-national trading platforms. It failed to secure quite as large a share of trading as expected but was hitting five per cent of UK trading.

One question for any would-be buyer is how to guarantee the nine banks continue to use the platform when they are no longer shareholders in the business.

If LSE does manage to buy Turquoise it will have secured a new platform, and a new offshore partner to develop it, within just a few weeks. ®

Internet Security Threat Report 2014

More from The Register

next story
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.