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Spanish multilateral trading facility platform PAVE brought to a halt

LONDON | PAVE Platform on Wednesday announced the suspension of its plans for an ultra-fast marketplace focusing on Spanish, Portuguese and Latin American listed equities and ETFs. The Spanish equity market is one of the few major markets in Europe where deregulation and increased competition have yet to arrive and the Barcelona-based project’s aim was to bring in competition. The lack of capital resources, though, has forced it to admit defeat,…