Jiway, a joint venture between OM Technology and Morgan Stanley Dean Witter, is set to launch the fir...
Jiway, a joint venture between OM Technology and Morgan Stanley Dean Witter, is set to launch the first fully-integrated European electronic stock exchange in September. Subject to FSA approval making Jiway a 'recognised investment exchange', it will be possible to trade and settle 6,000 equities listed in the US and Europe. Using a real-time internet API-based system, execution and settlement costs will be reduced, while intermediaries using the system will not need to be members of the various local exchanges. In addition to the expected intermediaries who will use the system, Jiway also...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
