Europe Archive

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>

Buy-side dark crossing network Liquidnet’s total principal traded in Europe in Q2 2009 was £13.38 billion, a 30% increase over Q1 and a 21% year-on-year rise. The figure equates to an average daily principal traded of £219.3 million. read more>

Nasdaq OMX Europe, a multilateral trading facility (MTF) for European equities, has announced enhancements to its order routing functionality and dark pool. read more>

Multilateral trading facilities (MTFs) Chi-X Europe and Burgundy will change tick sizes for certain indices following last week’s agreement between the Federation of European Securities Exchanges (FESE), the London Investment Banking Association (LIBA) and four MTFs to harmonise tick sizes across Europe. read more>

Agency broker and trading technology provider ITG will now base its European transaction cost analysis (TCA) service on consolidated data from both primary exchanges and multilateral trading facilities (MTFs). read more>

The European Commission (EC) has released its long-awaited guidelines on reducing risk in Europe’s over-the-counter (OTC) derivatives markets. read more>

German exchange group Deutsche Börse is planning to migrate the remainder of the trading done on the floor of the Frankfurt Stock Exchange to its Xetra electronic trading system from the existing XONTRO system. read more>

Burgundy, the Nordic trading venue that launched in May, said it traded 8% of the Swedish primary market on 29 June, in its trading statistics for last month. read more>

Seven European exchanges and four multilateral trading facilities (MTFs) have agreed to adopt a common tick-size regime proposed by the Federation of European Securities Exchanges (FESE) as part of a continuing effort to harmonise tick sizes across the continent. read more>

Consolidation of Europe’s multilateral trading facilities (MTFs) is “inevitable” despite predictions by research consultancy Aite Group that they will account for half of European share trading “within the next four to five years”. read more>