About us - London Stock Exchange

Baikal, part of the London Stock Exchange Group, will be a pan-European Multilateral Trading Facility (MTF) complemented by a Liquidity Aggregation Service which seeks out liquidity in over 20 venues across 14 countries.

Baikal aims to overcome increasing market fragmentation and decreasing average trade sizes by providing a trusted and safe environment in which to execute larger trades. Baikal will provide an unparalleled market wide trading service accessed via the broker community, by aggregating lit and dark liquidity across Europe and by offering an efficient and aggregated clearing and settlement solution.

Comment from John Wilson, CEO

At Baikal, we recognise that the evolving global liquidity landscape presents significant challenges and opportunities for market participants. As regulatory changes continue to substantially affect market structure and the experience of trading, we believe that there is an increasing need for a market wide solution that is of equal benefit to all market participants.

Core to our philosophy is the provision of market leading services, backed by state-of-the-art technology to enable our customers to achieve best execution at competitive prices. We will ensure that Baikal continues to evolve as the market develops, and in the coming months as we prepare to launch Baikal, we will work closely with our customers to make this new trading venue a success for everyone who trades on it.