Is time running out for Turquoise?

Chief executive Lederman reflects on turbulent 12 months since launch

A year ago, Eli Lederman rang a bell and launched Turquoise, the high-profile challenge to Europe’s top exchanges, into the most volatile equity markets in memory.

He couldn't have known at the time but the collapse of Lehman Brothers a week earlier would spark a six-week period of mass-selling and then, in November and December, stagnation.

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Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms