Three large institutional brokers – Merrill Lynch, JP Morgan Cazenove and BNP Paribas – have joined UK small- and mid-cap stock exchange PLUS Markets and connected to its trading platform.
BATS Europe, the multilateral trading facility that entered the European market in October 2008, has confirmed it will offer sponsored access from 30 January 2009.
Equiduct Trading, a recognised investment exchange owned by Börse Berlin, has pushed back its launch because members are not yet ready to trade.
NYSE Euronext’s two pending European multilateral trading facilities are on track for their Q1 launches, according to Roland Bellegarde, group executive vice president and head of European execution at NYSE Euronext.
The London Stock Exchange has continued the development of Baikal, its dark pool aggregation service scheduled for launch in Q2 2009, with the hire of a chief operating officer and commercial director
GATElab, a global connectivity and trading solutions provider, has completed testing on Chi-X, a pan-European multilateral trading facility.
Nearly half of buy-side firms across Europe and the US are considering changing their OMS and EMS trading platforms, according to a study by research firm TABB Group.
Competition in the US equities clearing market could introduce both risk and cost to post-trade processes, according to Stuart Goldstein, managing director, corporate communications at The Depository Trust & Clearing Corporation (DTCC), the US’s central clearing provider.
SecFinex, an electronic trading platform for securities lending owned by exchange group NYSE Euronext, has teamed up with EuroCCP, a European post-trade service provider owned by US clearing house DTCC, to launch central counterparty (CCP) services for stock borrowing and lending across SecFinex’s UK Order Market.
US electronic trading venues improved their share of trading in NYSE-listed securities in the third quarter of 2008, according to research and advisory firm Celent, at the expense of exchange specialists.