LSE takes 60 percent stake in Turquoise platform »

LSE takes 60 percent stake in Turquoise platform

LSE.L
) has agreed a deal to take a 60 percent stake in loss-making trading platform rival Turquoise and will merge it with its own “dark pool” platform, Baikal, to create a new pan-Europe venture.
In a statement on Tuesday, the LSE said it agreed to fully fund the cash needs of the new venture [...]

Lloyds gets 95 percent take-up for record cash call »

Lloyds gets 95 percent take-up for record cash call

LLOY.L
) said on Monday take-up for its record 13.5 billion-pound ($21.9 billion) rights issue totaled over 95 percent, drawing a line under a turbulent few months for Britain’s largest retail lender.
Lloyd’s cash call — the world’s largest to date — is a key plank of its bumper capital raising effort launched last month [...]

“Naked access” now 38 percent of U.S. trading: report »

“Naked access” now 38 percent of U.S. trading: report

“Naked access” now 38 percent of U.S. trading: report
NEW YORK (Reuters) – A report says that 38 percent of all U.S. stock trading is now done by firms that have “naked sponsored access” to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.
Naked access gives trading [...]