September 06, 2011

Chi-X Europe tempts traders with Spanish price rebate

Pan European multilateral trading facility Chi-X Europe has sweetened its new Spanish offering with a price promotion that increases pressure on the incumbent exchange to respond to competition.

MTF initiative allows shorting of European banksAugust 31, 2011

MTF initiative allows shorting of European banks

Leading pan-European multilateral trading facilities have codified the responsibilities of market makers to ensure a harmonised approach to the ban on short selling bank stocks introduced by a number of European countries in mid-August.

August 25, 2011

Instinet joins TOM MTF

Agency broker Instinet Europe has become the latest member to join The Order Machine, a Dutch retail-focused multilateral trading facility.

August 24, 2011

LSE raises no objections to BATS/Chi-X merger

The London Stock Exchange Group and the Investment Management Association have told the UK's Competition Commission they see no reason to block the potential merger of pan-European multilateral trading facilities BATS Europe and Chi-X Europe.

Competition spurs Japannext to new heightsAugust 18, 2011

Competition spurs Japannext to new heights

SBI Japannext chalked up record volumes for a proprietary trading system last month but fierce competition with Chi-X Japan, ongoing fragmentation of liquidity and more global players looking to trade Tokyo mean this is just the beginning, according to co-CEO Chuck Chon.

Chi-X offers four-way clearing as EMCF relents on interoperabilityAugust 16, 2011

Chi-X offers four-way clearing as EMCF relents on interoperability

Pan-European multilateral trading facility Chi-X Europe has become the latest trading venue to announce post-trade interoperability, with four central counterparties supporting the service, including Dutch clearer EMCF which had previously declined to join similar initiatives.

August 11, 2011

SBI Japannext reports strong volumes in July

SBI Japannext, the proprietary trading system owned by Japanese financial services firm SBI Holdings and a number of global brokers, has reported record volumes on its platform for July.

August 02, 2011

Pan-European MTF bond market launches

Pan-European fixed income multilateral trading facility Galaxy has received regulatory approval to operate its MTF for European bonds.

July 29, 2011

UBS to add pegged orders to dark pool

The non-displayed multilateral trading facility operated by Swiss investment bank UBS plans to introduce functionality that allows executions to be pegged to the bid or offer price.

BATS Europe goes live with clearing choiceJuly 29, 2011

BATS Europe goes live with clearing choice

BATS Europe, the pan-European multilateral trading facility owned by BATS Global Markets, has launched its interoperability service, which it claims will deliver long-term cost savings for its members.

July 22, 2011

Niche MTFs offer value - Fidessa

Buy- and sell-side market participants should look beyond Europe's established multilateral trading facilities in search of best execution, according to analysis by trading technology provider Fidessa.

July 19, 2011

CA Cheuvreux latest broker to launch MTF

CA Cheuvreux, the European agency broker owned by French banking group Credit Agricole, has filed with UK regulator the Financial Services Authority to convert its BLINK crossing network into a multilateral trading facility.

July 05, 2011

Chi-X Japan reaches new milestone

Chi-X Japan, the subsidiary of alternative trading venue operator Chi-X Global, has seen turnover jump by 31.4% from May to June 2011, reaching ¥515 billion (US$6.34 billion), a new record for the firm.