The Merits of a New Exchange

The TImesOnline City Diary today has a few paragraphs about exchange, Plus Markets, and its new cut-price share-dealing service that is to undercut the LSE. The diarist says the new tariffs, announced yesterday, are "fantastically complicated". They also ask what is happening to Project Turquoise, another trading platform set to rival the LSE.

There is newspaper speculation that Plus Markets may eventually be swallowed by Project Turquoise with the suggestion that this would also help with their lengthy search for a CEO, by handing the reins to Simon Brickles.