Jiway Signs Letters Of Intent With 20 Trading Partners

OM today confirms reports that Jiway has signed Letters of Intent with approximately 20 trading partners. A trading partner is a broker, online or offline, or financial advisor that will work as an intermediary between Jiway and the end-customer.

Jiway is the worlds’ first fully integrated stock exchange and will commence trading in November this year. Headquartered in London, Jiway will be an electronic order and quote driven market providing a single access point for around 6,000 US and European shares, and offering custody and corporate action services together with anonymous trading. Jiway is owned by OM Gruppen AB (60%) and by Morgan Stanley Dean Witter (40%). Jiway is seeking recognition as a Recognised Investment Exchange in the UK from the FSA.