Europe Archive

The London Stock Exchange (LSE) has revealed plans to use pan-European clearing house European Multilateral Clearing Facility (EMCF) as an additional central counterparty for its Baikal non-displayed multilateral trading facility (MTF). read more>

Metzler Asset Management, a division of German private bank Metzler, has said implementing an order management system has enabled it to better comply with MiFID and evidence best execution. read more>

European buy-side traders have recently been inundated with non-displayed trading venues that claim to improve execution performance via unique functionality. Competition between providers is healthy, but has the choice become overwhelming? read more>

Following a slump in trade volumes and turnover across Europe in the first quarter of this year, both value traded and number of transactions have risen in the second quarter. However, values still fall short of the levels seen in last year’s fourth quarter, when the financial crisis hit. read more>

Swiss bank UBS has appointed six executives to its pan-European equity sales desk, based in London, over the past week. read more>

While the industry has largely applauded last week’s agreement between exchanges, multilateral trading facilities (MTFs) and brokers to harmonise tick sizes across Europe, many acknowledge it is only a first step, and more effort is needed to create true unity. read more>

Bolsas y Mercados Españoles (BME), the Spanish stock exchange, has announced that it will transfer the remaining shares traded by open outcry to an electronic system. read more>

Central securities depositories (CSDs) from 21 European countries will indicate their commitment to the European Central Bank’s TARGET2-Securities (T2S) centralised settlement infrastructure next week, according to Gertrude Tumpel-Gugerell, a member of the bank’s executive board. read more>

Investment management consultancy Investit has released a new integrated benchmarking tool to allow asset management firms to compare their processes with their peers and industry best practice. read more>

Pipeline Financial Group, an operator of equity block trading venues in the US and Europe, has appointed Richard Gray as senior salesperson for its European operations as it moves ahead with its launch schedule in the region. read more>