February 15, 2012 3:09 PM GMT

JSDA re-examines PTS shut-out policy

A Japanese regulator is reassessing its policies for halting trading on proprietary trading systems when there are problems with the country’s primary exchanges.

Italian MTF seeks to boost SME liquidityFebruary 08, 2012 1:43 PM GMT

Italian MTF seeks to boost SME liquidity

A new Italian multilateral trading facility launched by Borsa Italiana, the Italian subsidiary of the London Stock Exchange Group, aims to build a stronger market for SMEs by attracting local and international institutional investors, according to Barbara Lunghi, head of mid and small caps, Borsa Italiana.

Alternate venues demand action after TSE outageFebruary 08, 2012 11:31 AM GMT

Alternate venues demand action after TSE outage

The actions of a Japanese regulator following an outage at the Tokyo Stock Exchange has led to calls from the country’s proprietary trading systems to rethink rules governing alternative venues.

February 08, 2012 10:22 AM GMT

Newedge, LSE launch tri-party repo MTF

Prime broker Newedge and European fixed income trading market MTS have jointly launched the agency cash management multilateral trading facility, an electronic auction facility for the tri-party repo market. 


Failed DB/NYSE merger could threaten interoperabilityFebruary 08, 2012 8:45 AM GMT

Failed DB/NYSE merger could threaten interoperability

The breakdown of the merger between Deutsche Börse and NYSE Euronext could reinvigorate lobbying efforts to protect the vertically-integrated exchange model, market observers have warned.

January 23, 2012 1:02 PM GMT

Chi-X Europe extends Spanish price promotion

Chi-X Europe, the pan-European multilateral trading facility recently acquired by US market operator BATS Global Markets, has extended and improved its pricing promotion for Spanish stocks after failing to gain any significant market share since the scheme's initial introduction in October last year.

SBI Japannext stokes PTS rivalry with retail pushJanuary 06, 2012 10:17 PM GMT

SBI Japannext stokes PTS rivalry with retail push

SBI Japannext, a proprietary trading system (PTS), has upped the stakes in its battle to become the largest alternative market in Japan with a series of changes to lure retail liquidity back to its platform.

Chi-X Global looking to “change the landscape”December 21, 2011 9:06 PM GMT

Chi-X Global looking to “change the landscape”

Market operator and trading technology provider Chi-X Global will continue its push into Asian markets next year by growing its market share in Japan and Australia, as well as exploring new opportunities in other markets in the region, according to CEO Tal Cohen.

December 16, 2011 10:34 PM GMT

Chi-X Europe to go live on BATS technology 30 April

BATS Chi-X Europe has released further details of its integration plan for merging the two organisations, revealing a go live date of 30 April and that BATS Europe and Chi-X Europe lit and dark books will continue to be available as separate order books.

December 14, 2011 1:09 PM GMT

Instinet BlockMatch ditches exchange pricing for EBBO

Agency broker Instinet Europe’s BlockMatch is to become the first dark multilateral trading facility to use a proprietary consolidated European best bid and offer as its reference price, following regulatory approval.

December 05, 2011 4:41 PM GMT

BATS Chi-X Europe excludes ETF interoperability in first cut

BATS Europe and Chi-X Europe, the two European multilateral trading facilities that completed a merger last week, will not include exchange-traded funds in the initial stage of their clearing interoperability offering, blaming an on-going regulatory review of the instruments for the delay.

November 24, 2011 7:58 PM GMT

EC bids to clarify ban on prop flow in dark pools

The European Commission today sought to clarify MiFID II proposals on allowing banks’ proprietary trading flow into their dark trading venues and also asserted that contentious rules on electronic trading and market making could be re-assessed.