Equities

Glitch knocks out dark trading on Turquoise

Turquoise, a multilateral trading facility (MTF) backed by nine banks, suffered an outage this morning due to a “complex dark order matching scenario”, according to a notice sent to members.

BlockMatch closing cross aims to boost block trading

Instinet Europe, an agency brokerage, has added a pan-European closing cross to its BlockMatch non-displayed equities multilateral trading facility in a bid to encourage more large trades on the platform.

Reciprocal access key to CCP links – Deutsche Börse

German exchange group Deustche Börse is committed to the European Commission’s Code of Conduct for Clearing and Settlement and forging links between its clearing house, Eurex Clearing, and other central counterparties (CCPs), according to Marcus Zickwolff, head of trading and clearing system design at the group.

Goldman dark pool makes headway in Hong Kong

Global broker Goldman Sachs has reported a 12-fold increase in the average daily value traded in its SIGMA X internal crossing engine in Hong Kong over the past two months.

TSX to provide Canada’s consolidated tape for equities

The Canadian Securities Administrators (CSA), the council of securities regulators for Canada’s provinces and territories, has announced that the Toronto Stock Exchange (TSX) will act as a central, consolidated source for the country’s equity market data for five years, starting 1 July.

Omgeo and EuroCCP plan hedge fund clearer

Post-trade processing firm Omgeo and clearing house EuroCCP – both affiliates of US post-trade utility The Depository Trust and Clearing Corporation (DTCC) – have teamed up to develop a pan-European equities central counterparty (CCP) service for hedge fund transactions.

European trading values still lagging despite volume growth

Transatlantic exchange group NYSE Euronext has reported that average daily trading volumes across its European cash equities markets in May 2009 were 1.5 million transactions – 14.6% up on May 2008. April 2009’s ADV of 1.6 million transactions was a 15.5% increase over the previous April.

BATS unveils tool for displaying unfilled orders

BATS Exchange, a US equities trading venue, has launched BATS Optional Liquidity Technology (BOLT), a tool allowing members to see unfilled portions of marketable orders before the orders are either cancelled or routed elsewhere.