Equities

Liquidnet, a buy-side-only non-displayed multilateral trading facility (MTF), set a new record for daily principal traded in Europe on 2 June.

Goldman Sachs Electronic Trading (GSET) is upgrading its SIGMA smart router to allow clients to seek the best price for dual-listed stocks across US and Canadian stock trading venues, while using real-time FX rates for single currency settlement.

LeveL ATS, a non-displayed trading venue for US equities, has launched a new order type called SmartBlock, which gives participants control over trading activity at the venue level when executing blocks of stock.

Chi-X Europe, a pan European multilateral trading facility (MTF) owned by agency brokerage Instinet, will start offering Portuguese stocks from 26 June.

Turquoise, a pan-European multilateral trading facility (MTF), has chosen banking group Citi’s Global Transaction Services unit as a general clearing member and settlement agent for trades executed on its new TQ Channel dark liquidity aggregation platform.

Trading has been suspended for the day on Burgundy, a multilateral trading facility for Nordic stocks, because of an apparent problem with one of the platform’s FIX engines.

Turquoise, a broker-backed pan-European equity trading venue, has received approval from the UK’s Financial Services Authority (FSA) to use an European best bid and offer (EBBO) as the reference price source for its mid-point non-displayed order book.

TradingScreen, a provider of execution management systems (EMSs) to the buy-side, has launched a direct connection to CBX Asia, an alternative trading system for Japanese and Hong Kong equities operated by agency broker Instinet.

Trading technology provider Fidessa has added the BlueBox algorithmic trading system to its hosted Asian platform for brokers. The system will initially be available in Hong Kong and Singapore. BlueBox has been available in Japan since 2007.

The combined broking operation formed from the merger of Bank of America and Merrill Lynch is allowing US clients to choose which firm’s direct market access (DMA) platform they wish to use.