NYSE Euronext and the London Stock Exchange regained in 2012 some of the ground they lost to other platforms in recent years. Their market-share gains mean BATS Chi-X Europe, Burgundy, Quote MTF and Turquoise endured losses. "[NYSE and LSE] looked at what new venues were doing in terms of pricing and technology, have taken it on and, in many cases, done it better, by virtue of their resources and economies of scale," said Herbie Skeete, managing director at exchange consultancy Mondo Visione.

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