E-Crossnet, the crossing network formed by European investors to cut their clients’ trading costs, has appointed Tim Breedon and Gunner Burkhart to the board of directors.
E-Crossnet is a trading mechanism which enables investors to deal directly with one another in a fast and confidential electronic environment - a practice known as crossing. By trading with E-Crossnet, investors save more than 85 per cent of conventional European share trading costs, claims the company.
Tim Breedon is group director of investments at Legal & General. Gunner Burkhart is global head of trading at Deutsche Asset Management.
Nigel Foster, chief executive officer of E-Crossnet, notes: "These appointments mean that four of the 12 investment firms that own E-Crossnet are now represented on the board."