Trading & Execution Archive

Turquoise, a pan-European multilateral trading facility (MTF) scheduled for launch in September, is to begin its daily trading at 07.45, compared with 08.00 at rival trading venues such as the London Stock Exchange. read more>

Fidessa Group, a provider of trading systems, market data and global connectivity solutions, is to connect to Instinet's Korean crossing network, KoreaCross. read more>

Plain vanilla participation algorithms still account for the majority of algorithmic trading volumes in most markets, according to an analysis presented at the 2008 TradingScreen Buy Side Traders’ Conference, held in London on May 23. read more>

Nasdaq OMX has said that its decision to use the European Multilateral Clearing Facility (EMCF) for its pan-European platform was steered by Chi-X’s decision to use the same service. read more>

Investment bank Credit Suisse has linked to US dark pool RiverCross ATS, and has announced that AES CrossFinder, the bank’s dark pool, will become the first alternative trading system available on SFTI, NYSE Euronext’s low-latency communications network. read more>

The London Stock Exchange (LSE) revealed its plans to support low-latency and algorithmic trade execution at the announcement of its preliminary results for the year ending 31st March 2008 on Thursday. read more>

Settlement system Euroclear UK & Ireland is to cut the price of sending electronic transaction reports through its system to the UK Financial Services Authority (FSA) from 1 July. read more>

Neonet, a trading systems provider, is to offer its buy- and sell-side clients trading access to Turquoise, a pan-European multilateral trading facility, when it launches in September. read more>

Fidessa, a trading systems, market data and global connectivity provider, has added Knight Link, a financial servces firm, as a new trading venue for Fidessa users seeking off-exchange liquidity. read more>

MTFs (multilateral trading facilities) entering the UK to compete against the London Stock Exchange are exposing themselves to an extremely tight and competitive market, according to Simon Brickles, CEO of UK stock exchange PLUS Markets. read more>