Two pan-European central counterparties (CCPs) – European Multilateral Clearing Facility (EMCF) and SIX x-clear – have signed a memorandum of understanding that will allow multilateral trading facilities (MTFs) to offer members a choice of clearing services.
Instinet Europe, the European arm of the agency brokerage owned by Japan’s Nomura Holdings, has connected to Smartpool, the non-displayed multilateral trading facility from exchange group NYSE Euronext.
The re-introduction of competition in the US equities clearing space will not create additional complexity and cost, according to Brian Hyndman, senior vice president of transaction services at US exchange group Nasdaq OMX.
NYSE Arca Europe, a multilateral trading facility from exchange group NYSE Euronext, has again delayed its launch after further consultations with customers.
Knight Asia, the Asian arm of US-based agency brokerage Knight Capital, will start trading in nine markets in Asia from today, as it looks to establish a presence in the region.
Nomura International, the London-based division of Japanese investment bank Nomura, has become a member of Nasdaq OMX Nordic as it builds out its new European equity electronic trading platform, launched on 12 January.
Turquoise, a broker-backed pan-European multilateral trading facility (MTF), has announced a series of upgrades to improve response times and capacity on its platform.
US post-trade processing firm The Depository Trust & Clearing Corporation (DTCC) is to offer real-time trade guarantees for continuous net settlement-eligible trades and boost its processing capacity for equities clearing to 500 million transactions a day.
ITG, an agency broker and trading technology firm, will extend its product range to new European markets as part of its 2009 expansion plans.
BATS Exchange has become the world’s third largest stock exchange by value traded in its first full month of trading as a regulated US national securities exchange.