Exchange group Nasdaq OMX has delayed the launch of the planned central counterparty (CCP) for its exchanges in Copenhagen, Helsinki and Stockholm, and has scrapped plans to include Nordic-specific features in the CCP and establish a Nordic clearing fund in response to comments from members.
Turquoise, a broker-backed multilateral trading facility (MTF), has announced a new tiered pricing structure amid claims that buy-side traders are not benefiting from lower execution costs resulting from competition between European trading venues.
US equity trading venue Direct Edge’s pursuit of exchange status for its two trading platforms, EDGA and EDGX, will put it on the same regulatory footing as its three biggest rivals – the New York Stock Exchange (NYSE), Nasdaq and BATS Exchange.
Morgan Stanley has introduced new electronic trading functionality for clients that trade on the Mexican Stock Exchange (BMV) and the Mexican Futures Exchange (MexDer).
Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, will start trading on 2 February 2009, subject to approval by the Financial Services Authority (FSA).
Buy-side traders are struggling to align their execution capabilities with the objectives of portfolio managers because of the single-stock focus of trading tools and execution venues, according to a new report from research and consulting firm TABB Group.
Chi-X, Turquoise and Nasdaq OMX Europe, three pan-European multilateral trading facilities (MTFs), are launching trading services in Spanish stocks which are expected to considerably reduce trading costs.
In its Q3 trading statement, the London Stock Exchange (LSE) reported lower equity trading activity in January, adding that “market conditions remain very difficult and uncertain” for the rest of the exchange group’s financial year.
Rival US equity trading venues are eroding exchange group Nasdaq’s trading market share of the stocks it lists, according to a new study by research consultancy Celent.
Trading solutions provider NYFIX has relaunched ioinet, the indications of interest (IOI) tool acquired by the firm last year when it purchased FIX solutions vendor FIXCITY.