12/21/2009

The London Stock Exchange is on the verge of announcing that it will acquire a majority stake in Turquoise, sources said. However, negotiations are ongoing. Turquoise, which is backed by major investment banks, has lagged its rivals in recent, years although it has developed a strong profile. The LSE would roll its Baikal dark pool into Turquoise while extending the platform's brand, a source said.

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