NYSE Euronext hopes to receive the necessary regulatory approval to launch the platform in a matter of days, two sources said, paving the way for a January 2013 launch.
The exchange hopes to boost trading from retail clients by offering these individual investors a new type of service, based on Euronext brokers acting as liquidity providers and quoting better prices to retail investors.
The sources said the brokers are keen to offer better prices to their retail investor clients in line with their regulatory obligation to achieve "best execution" - namely trading at the best price for clients.
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NYSE Euronext hopes to receive the necessary regulatory approval to launch the platform in a matter of days, two sources said, paving the way for a January 2013 launch.
The exchange hopes to boost trading from retail clients by offering these individual investors a new type of service, based on Euronext brokers acting as liquidity providers and quoting better prices to retail investors.
The sources said the brokers are keen to offer better prices to their retail investor clients in line with their regulatory obligation to achieve "best execution" - namely trading at the best price for clients.
http://www.reuters.com/article/2012/10/15/us-nyseeuronext-retail-idUSBRE89E0M820121015