Equities

Direct Edge moves ahead with exchange plans

US equities trading venue Direct Edge has filed two Form 1 applications with the US Securities and Exchange Commission to gain exchange status for its two trading platforms, EDGX and EDGA.

Turquoise to add third CCP as EuroCCP and x-clear link

European clearing houses EuroCCP and SIX x-clear have signed a memorandum of understanding outlining their commitment to interoperate with one another, allowing trading platforms that use the companies to offer a multi-central counterparty (CCP) model.

LCH nets fourth MTF client in a week

After winning clearing mandates from European trading platforms BATS Europe and NYSE Arca Europe and signing a memorandum of understanding to clear for Chi-X this week, UK clearing house LCH.Clearnet Ltd has been appointed to clear for broker-backed MTF Turquoise.

LeveL ATS extends reach with ULLINK deal

LeveL ATS, a non-displayed trading venue for US equities, has connected to ULLINK, a connectivity network and trading software provider.

LCH to clear for two more MTFs

Following yesterday’s news that European trading platform BATS Europe had added LCH.Clearnet Ltd as a central counterparty (CCP) for UK and Swiss stocks, fellow multilateral trading facilities (MTFs) NYSE Arca Europe and Chi-X Europe now plan to use LCH to clear their trades in addition to their existing CCPs.

Acceptance of MTFs key to handling exchange outages

The European trading community must factor the liquidity won by multilateral trading facilities into trading strategies and indices to enable continuous trading during an exchange outage.

BATS Europe to clear UK and Swiss stocks through LCH

BATS Europe, the European trading platform owned by exchange group BATS Global Markets, has selected LCH.Clearnet Ltd, the UK division of European central counterparty (CCP) group LCH.Clearnet, to clear the UK and Swiss securities traded on its platform.

Tradebook provides real-time view of European liquidity

Agency broker and trading technology provider Bloomberg Tradebook has launched Global Tradebook Trade Analytics (GTTA), a tool that helps users find liquidity in fragmented markets, in Europe.

Closure of SWX Europe finalised

SIX Swiss Exchange, Switzerland’s national stock exchange, has completed the transfer of trading in Swiss blue-chip stocks to its main exchange in Zurich from SWX Europe, its London-based trading platform.