Liquidnet Europe, a non-displayed multilateral trading facility for European equities, is hoping to counter the expected tough conditions in 2009 by signing up new clients, pushing into new markets and adding new functionality, according to John Barker, managing director of Liquidnet Europe.
Deutsche Bank’s transaction banking division has started offering clearing and settlement to multilateral trading facilities (MTFs) Chi-X and Turquoise as a general clearing participant of pan-European clearers European Multilateral Trading Facility (EMCF) and European Central Counterparty (EuroCCP).
US equities trading platform Direct Edge will launch a new trading system in Q4 this year, once the Securities and Exchange Commission (SEC) has approved the exchange applications for EDGA and EDGX, the firm’s two trading venues.
Although many buy- and sell-side firms are cutting jobs, there is still steady demand for electronic trading expertise, according to Marcus Newman, director and specialist in the electronic, algorithmic and program trading markets at recruitment firm Riversdale Consulting.
Neonet, a Swedish-based agency brokerage and technology provider, has called off cooperation talks with a “counterparty”, widely believed to be German stock exchange group Deutsche Börse.
US equities trading venue Direct Edge will extend the trading hours on its three platforms – EDGA, EDGX and the newly acquired ISE Stock Exchange – in response to international and local client demand.
The value of trades matched on NYFIX Euro Millennium rocketed to more than EUR 1 billion in December from around EUR 178 million in November, following a series of initiatives to boost activity in the European dark crossing network.
The market data policies of Europe’s incumbent exchanges “go against the spirit of MiFID provisions”, according to a letter from Equiduct Trading joint-CEO Artur Fischer sent to the Committee of European Securities Regulators (CESR).
Lee Hodgkinson, CEO of UK-based exchange SWX Europe, head of the client and product management division and member of the management committee at SIX Swiss Exchange, SWX’s parent firm, is to leave the organisation at the end of April to pursue a new challenge.
Neonet, an agency brokerage and trading technology provider, is now offering trading access to the Mexican Stock Exchange – the broker's first foray into Latin America.