Financial Times FT.com

NYSE Euronext draws battle lines over MTFs

By Jeremy Grant in London

Published: September 7 2008 22:15 | Last updated: September 7 2008 22:17

NYSE Euronext, the transatlantic exchange operator, will combat alternative share trading platforms in Europe with plans to be the first exchange to launch one of its own, escalating the battle for market share in the region.

Europe’s established exch­anges face an assault by upstart share trading platforms, such as Turquoise and Chi-X, which are challenging them with ultra-fast trading and low fees.

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