Tradepoint challenges Stock Exchange
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"I think we have a good mix of institutions both from the buying and selling side," said Stephen Wilson, Tradepoint's executive director. The Tradepoint Investment Exchange, set up by three former employees from the London Stock Exchange, offers a screen-based electronic trading system that is order-driven as opposed to the Stock Exchange's system which is quote-driven. Using Tradepoint, fund managers and broker dealers can trade directly with each other rather than submitting orders via market makers.
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