10 years ago
Soffex withdrawal weakens Fex
The Soffex board's bombshell decision to "de-internationalise" earlier this month has cast doubt over the Fex (First European Exchange) alliance efforts to electronically link its members' exchanges.
Reasons for Soffex's withdrawal from cross-border trading - the whole purpose of Fex - are varied. Legislation is currently being considered in Switzerland to amalgamate the country's financial markets...