Project Turquoise owners to offer stake to brokers using platform

Article Abstract:

Equity stakes will be awarded in trading platform Project Turquoise based on a decision announced by the investment banks that own the firm. The stakes will be awarded to other brokers, and are expected to be based on volumes routed to the platform. Project Turquoise is slated to launch during the second half of 2008 as a rival to Europe's stock exchanges.

Europe, Investment Banking and Securities Dealing, Investment Banking, Securities issued, listed, Security brokers and dealers, Investment banks, Securities, Company securities, Electronic trading (Securities), Online securities trading service, Online securities trading services

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Pressure builds on the NYSE over governance

Article Abstract:

The New York Stock Exchange is coming under increasing pressure over its corporate governance. The Council of Institutional Investors referred to conflicts of interest and weak discipline as part of the exchange's problems.

United States, Beliefs, opinions and attitudes, Council of Institutional Investors

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NYSE unveils 10-step program to overhaul own governance

Article Abstract:

The New York Stock Exchange has introduced a new 10-step plan that will revamp its corporate governance. The exchange has come under pressure to improve its operations.

New York

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