The London Stock Exchange and Lehman Brothers establish a Pan-European trading platform Baikal, named after the world deepest lake.
      
      Companies from 14 European countries, some of them not listed on LSE, will be admitted to trading on Baikal. The platform is due to be launched in the first half of 2009. An innovative dark liquidity pool system will be used on Baikal, allowing participants to place large orders anonymously and minimize market impact. Such platforms are usually popular with banks, hedge funds and other investors trading large orders.
      
      However, analysts doubt LSE's cooperation with Lehman Brothers is a good idea. In fact, brokers may not come to the new trading platform, if they have to pay their market rival for using it.
      
      source:
      www.newsru.com