Equities

BATS Europe, the multilateral trading facility (MTF) owned by US exchange BATS, has selected market data and trading services provider Fixnetix for co-location hosting.

The adoption of uniform tick sizes by trading venues across Europe would help multilateral trading facilities to compete more effectively, according to BATS Europe, a pan-European multilateral trading facility.

UK exchange group PLUS Markets has resolved its long-standing legal battle with the London Stock Exchange (LSE), allowing PLUS to trade all the stocks listed on the LSE’s AIM small- and mid-cap segment.

Broker-dealer Credit Suisse has made a version of its Pathfinder smart order router (SOR) available to clients trading in the Japanese market following a period of internal testing.

US equities trading platform Direct Edge has introduced a new order type called Hide Not Slide, which allows traders to hide orders that were originally submitted as display-eligible and adjust their price while keeping their place in the order book queue.

The Committee of European Securities Regulators (CESR) has clarified its role in the regulation of dark pools and has acknowledged the need for a European best bid and offer (EBBO) benchmark for the first time.

Nasdaq Stock Market, the US arm of global exchange group Nasdaq OMX, has retained its position as the largest venue for trading US equities, reporting a matched market share of 20.8% of the total US equity volume in April.

The Australian Securities and Investment Commission (ASIC), the country’s securities regulator, lifted its short-selling restrictions for financial securities on Monday, but said it would not hesitate to reintroduce the ban if market conditions required.

BlocSec, a non-displayed block-trading platform for Asian equities, has reduced its minimum order size to US$250,000 from US$1 million in response to falling block sizes in the region.

Chi-X Europe, a pan-European alternative trading venue, launched Chi-Delta, its non-displayed order book, on 25 May, offering free execution for those posting liquidity as part of a promotion.