Europe Archive

BATS Chi-X Europe intends to set a new benchmark for market data pricing in Europe, after unveiling plans to become the first multilateral trading facility to charge for its data. read more>

Oslo Børs has become the latest European exchange to impose a fee aimed at members that cancel an “unnecessarily high” proportion of their orders. read more>

Recently-merged Russian exchange MICEX-RTS will decide on settlement reforms within the next two months as part of efforts to make its market more accessible for foreign investors.   read more>

Iberclear, the Spanish central securities depository, and Clearstream have signed an agreement to develop a new tri-party collateral management service for the Spanish market. read more>

The Association of British Insurers has called for a tightening of listings rules, citing recent company issues on the London Stock Exchange as harmful to the quality of the UK's regime. read more>

Pan-European multilateral trading facility Quote MTF has launched QUBE, an outsourced, hosted solution that enables brokers to have Quote build their own MTF or crossing network. read more>

As Europe reforms its securities markets towards a single rulebook across member states, disputes are inevitable, but the end result will be a better market for all, according to Kay Swinburne, MEP. read more>

Exchange operator Nasdaq OMX Stockholm has fined Morgan Stanley 400,000 Swedish kroner (€43,864) for an algo coding error that resulted in unusual volatility on its order book. read more>

A new study has found that settlement failure rates are as high as 10% for equities and 7% for fixed income, incurring substantial costs for the industry. read more>

Fears that broker crossing networks may be forced out of the market could be alleviated following the most recent MiFID II amendments tabled by MEPs. read more>