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Of course, now Bloomberg are reporting that it was indeed BATS that approached Chi-X Europe.

Shows how much I know!

Exactly. I think, sometimes, new entrants are betting on consumers losing trust in the old establishments instead of focusing more on how they can build and earn their own trust.

Just look at the institutional side with Mifid in Europe. Everyone predicted that the exchanges would fall apart as everyone ran to new MTFs. Today, the LSE is still in business with most of the trading volumes (although increased competition has influenced the LSE and other European exchanges a lot).

Those inside the financial services can see how innovative and hopefully firms like banksimple can be. But to an ordinary consumer it can be hard to be convinced them to hand over their money to what can look like 'a couple of guys in a basement in Brooklyn'.

I completely agree with you Brett. But I worry that some of these new bank offerings aren't getting the message across to ordinary consumers that they are just as safe and offer the same (and often better) products than the tradtional banks.

Yes, I was probably a bit harder on Metro Bank than needed. They do seem to have put customer service needs as a priority, which is always welcome in my book.

I just hope that the 'lollpops and dog biscuits' (and opening hours and personal service etc...) aren't distracting us from mediocre banking products.

Really, Andrew, you would be happy with a 'zero' percent interest rate on your savings account?

I think the Community would like to know that young Matt also picked 'Brazil' out of the bucket. So he has at least one chance to nab the pot.

As of 16:20, 4 May 2010
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Loser Liz :-(

Regarding Neuro, most commentators tended to make the same comment as you, Steve - "Given that it was backed by the mighty NASDAQ OMX why did it fail and is this the end of the MTF model as we know it?"

I've heard before that Nasdaq OMX had too much money involved in the  European MTF to shut it down. But it goes to show, a wealthy backer is not enough to secure success in the liquidity and MTF space.

Charlotte Crosswell kept this quiet at TradeTech.

Not for Blackberry? :-(

Ah, I remember when Finextra launched. A bunch of us FinTech journos had a meeting in a pub to discuss the new 'threat'.

How time flies. Now I am in the belly of the beast - the biggest disadvantage to working at Finextra is that now I can't check in with the website to "let's see what Finextra put up this morning"

We are lean, not-so-mean, but built for speed.