Trillium Software
     

21/06/2011

By Scott Thompson

The UK's Office of Fair Trading has referred BATS Trading's planned acquisition of Chi-X Europe to the Competition Commission.

After the LSE, BATS and Chi-X are the two largest MTFs for the trading of UK-listed equities. The Office of Fair Trading (OFT) notes that the proposed merger reduces the number of significant suppliers of trading services for UK-listed equities from three to two. In addition the parties have very similar service offerings. It adds that, although the evidence is mixed, there is a realistic prospect that without a merger they would compete more strongly against eachother, as well as competing against the LSE.

Ali Nikpay, OFT senior director and decision maker in this case, comments: "This case is not one in which we have encountered widespread customer complaints. However, we cannot rule out the prospect that such a structural shift in the marketplace would lead to a substantial lessening of competition. We have therefore referred the merger to the Competition Commission for a more detailed investigation so it can determine whether a substantial lessening of competition is probable."

The Competition Commission is expected to report by 2 December.

Home     More News


Other stories you may find of interest:

News in brief - September 2010
A round-up by FST

News in brief - March 2011
A round-up by FST

News in brief - October 2010
A round-up by FST

awards banner


Dataflux Video

markevans


FStech Whitepapers
Single Customer View in Financial Service
This white paper outlines what a single customer view is and what the UK requirements are, why this represents best practice and how it can be advantageous to the business, and the techniques and technologies that will be most effective in establishing and maintaining such an approach.
TATA Consultancy Services - Cloud Computing
Cloud computing is the convergence of virtualization, distributed applications, grid, maturity of enterprise software applications and enterprise IT management.
Genesys. Sustained Management: Changing the Game with Genesys iWD
The article explains how Genesys intelligent Workload Distribution (iWD) has the power to change the game in the contact center space based on new visibility into tracking, reporting, and performance management
Research Study: The Revolution in Self-Service Channels in the Financial Services Sector
This report analyses the growth of consumer self-service channels in key areas of the Financial Services Market
Genesys. Staffing and Workload Management:
Fleshes out the importance of properly managing contact center and back office work, especially through the alignment of employee skill sets.
Genesys. The Importance of Proper Hiring, Training, Career Path Development, Skilling, and Routing
Which explains why it is imperative to implement these factors correctly in the contact center and back office to ensure competent customer interactions.
Genesys. Rethinking Contact Center and Back Office Processes:
The Challenges of Achieving Balance and Consistency
SVC Analysis Report
Getting value from a single customer view?

This website is a part of Perspective Publishing Limited, registered in England No 2876166.