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→London Stock Exchange: Tradeelect went live in 2007 and was replaced after multiple outage, 2 years after its 'debut'. Therefore it could not possibly have 'prompted' anything from 2004 to 2007 Tag: Reverted |
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==London Stock Exchange==
Furse listed the 200-year-old exchange on its own market in 2001. Very strong growth followed a major technology upgrade to [[TradElect]] and an international focus to its listings business, which prompted a record five unsolicited or hostile bids in under two and half years from late 2004 to early 2007. Deutsche Boerse, Euronext, Macquarie, and Nasdaq (who twice failed to acquire the exchange despite garnering nearly 30% of the stock), launched bids at prices from £5.30 to £12.43. The exchange conducted an unprecedented number of successful bid defences before completing its merger with [[Borsa Italiana]] in October 2007, which provided the foundation for a diversification into derivatives, fixed income, clearing and settlement. [[TradElect]]<ref name="TradElect">{{cite news| url = https://www.proquest.com/docview/236981016| title = London Stock Exchange recoups cost of Tradelect| date= May 27, 2008 | work = ProQuest}}</ref> proved to be decisive in the Exchange’s exponential growth, achieving the best latencies of any major exchange in the world at the time. The Exchange recouped the £40m of investment in under 12 months, driving profit growth of 52% in its first full year (2007/08).<ref name=TradElect /><ref>{{cite news| url = https://www.lseg.com/content/dam/lseg/en_us/documents/investor-relations/financial-results/preliminary-results/rns/lseg-preliminary-results-2008-rns-22may2008.pdf| title = LONDON STOCK EXCHANGE GROUP PLC Preliminary Results FY2008| date= May 22, 2008 | work = LONDON STOCK EXCHANGE GROUP PLC}}</ref>
==Fortis==
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