Europe

Pan-European multilateral trading facility Quote MTF plans to extend its product coverage to more than 1,350 of the most liquid securities and exchange-traded funds at the end of September 2010. read more »

New procedures for handling exchange outages proposed by the UK’s Financial Services Authority have been broadly welcomed, but cautious buy-side firms may still be reluctant to redirect their trading flow to multilateral trading facilities in the event of a market failure. read more »

European multilateral trading facility BATS Europe has released details of two new smart order routing strategies, Parallel D and Parallel 2D, which aim to achieve best price and fastest execution respectively. read more »

The European Commission will propose new legislative measures on derivatives, including credit default swaps, and short selling on Wednesday 15 September. read more »

Brazil has topped the August poll on theTRADEnews.com as the BRIC market for which there is most buy-side demand for better connectivity. read more »

Bertil Meijer, head of equity trading at Dutch buy-side firm APG Investments, has left the firm to join a large, unnamed hedge fund overseas, according to a spokesperson. read more »

Lee Hodgkinson is to be made head of NYSE Arca, the multilateral trading facility run by exchanges group NYSE Euronext, a spokesman has confirmed. read more »

Greek regulator the Hellenic Capital Market Commission has lifted its ban on the short selling of shares listed on the Athens Exchange, imposed on 28 April 2010. But the ban on naked short selling has not been lifted. read more »

Plans for a new pan-European securities regulator with the power to over-rule national supervisory bodies moved a step closer on 2 September, following a deal between the European Parliament and the European Council. read more »

Interdealer broker ICAP plans to open an electronic interest rate swap platform on 6 September 2010. read more »