The planned merger of BATS Europe and Chi-X Europe has secured the backing of the London Stock Exchange (LSE), Financial Times reports. UBS and the Investment Management Association have also supported the deal. The merger, which was agreed in February, will create the largest pan-European share trading platform and the second-largest venue for trading FTSE 100 shares. An investigation by the U.K. Competition Commission of the deal is likely to be completed by December.
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