Exchanges go head to head over US stocks

RIVALS the London Stock Exchange and NYSE Euronext are both launching trading in US equities during European hours on affiliate platforms in a move to boost transatlantic trading.

Clearing house EuroCCP and its parent company, the US monopoly clearing and settlement firm Depository Trust and Clearing Corporation, are enabling the moves by offering low post-trade costs for US securities.

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The initiatives are likely to result in large volumes of transatlantic share trading as low-cost alternative trading platforms take advantage of cheap post-trade costs.