Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Fast, Cheap & Easy - the lure of Europe's newest exchange

Monday, June 17, 2013 - 03:20

June 18 - Watch out there's a new exchange about - and it's grabbing market share in Europe. BATS Chi-X CEO tells us about challenging traditional stock markets and why business is booming.

▲ Hide Transcript

View Transcript

Yeah a couple of streets -- any sense of London's financial district of course be back thank. Of London is of exchanges and yes joining me now is the chief executive. All that's -- you're not pending mom and -- -- -- it. Of course you know great and yeah. From last month where recognized investment exchange and say that site. Significant force in terms of customers that we can now get in terms of some of the retail customers across Europe. And those are some of the more conservative fund managers would think would be much more accessible to us. Violations on icy Atlantic just give us a quick and signs -- he cracked -- -- How that changes things and you can passes. Well -- as a mentioned we've been keeping is accessible clients. Some clients across Europe never really changed to recognize and yes. And so some of them still insist on driving which stock exchanges which I just basis to tell -- that inside that helps. And I think generally for the market its recognition that golf. Compliance also by humans. Hope programme of market monitoring is an -- for us Carlson's -- -- a couple of times tonight. Of course this comes at a very consistent time Moffett a volatile and necessary thing of course is that none of the head of Bernanke some mare. On the tennis sees it didn't you you kind of business in the short time. It in the short term we have some experiencing some increases in -- in this here. Some of that posed by the votes in the city. But nothing longer term we need to a longer term return to -- investment in the equities market. About to be sustainable site would make very good progress over the last you who we'd like to pick up much much. Escorted out you looking to gain traction in Europe more specific -- Spain but if you look at -- economics have been volatile city. Jason Jason pat from Downey had something that they need W looks like dummies. Is growing but yeah that's actually not going to cool. Ever not that doesn't know serving of that transfers. Directly into volumes in any particular country. For spiking up a market says going up from triple percent of the end of last year. To fourteen from 15% to an -- tonight try to do we quite often see other 20%. I'm about races the people your interest in Friday's fight for whatever reason. Given the coverage we have an out across Europe where they are only gently encourage the -- of Europe stocks 58 in one place and so that's considered more attractive to us and how is being wealthy looking to play. Eight season if you look at where we think well I'm. On the size and and so we're we're looking at a market. I would continue to really deep in the range of products we offer to artistic customer. Just to finish off that you had to use one last word to describe your industry. At the moment what would it be. I think a little bit stressed. I had to -- and I thank you very much not. Add -- -- join -- -- our audit says he -- up on the platform as we have these special live edition here from Liverpool street station. I and being all faith is Linksys.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Fast, Cheap & Easy - the lure of Europe's newest exchange

Monday, June 17, 2013 - 03:20