Equities

QUOTE MTF reveals launch date, appoints CCP

QUOTE MTF, a Hungarian-based multilateral trading facility, plans to start trading on 5 June and has selected European Multilateral Clearing Facility (EMCF) as its central counterparty (CCP).

TNS provides connectivity to BATS Europe

BATS Europe, a multilateral trading facility, has chosen Transaction Network Services (TNS), a communications company, to provide client connectivity services to its trading platform.

European equities trading jumped in January – Reuters

The total value of equities traded in Europe increased to EUR 934 billion in January from EUR 821 billion in December, according to data provider Reuters’ monthly European market share report.

Nomura rebuilds connections to ex-Lehman platform

Nomura has added buy-side trading tools provider TradingScreen to its list of vendor connections in Europe, as the Japanese bank rebuilds links to the electronic trading platform acquired from Lehman Brothers’ European operation last September.

US equity market structure favours electronic trading – Celent

Electronic order books and market makers will continue to benefit from the changes to US market structure wrought by new pricing models, technology and regulation, while use of floor traders will continue to decline, according to a new study from research firm Celent.

New HKEx price caps could limit closing auction trading

Exchange operator Hong Kong Exchanges and Clearing (HKEx)’s plans to impose price restrictions in its closing auction could reduce trading volumes in the session and may not be effective at reducing manipulation and gaming, according to some market participants.

LSE sets launch date for hidden limit orders

The London Stock Exchange (LSE) has said it will introduce hidden limit orders on its trading platform on 16 March 2009, and has revealed more details about future hidden order functionality.

New Equiduct tools show MTFs beating exchanges on price

Equiduct Trading, a pan-European equity trading venue, has launched a suite of analytical tools which, the firm says, demonstrate that many trades sent to incumbent exchanges are not being executed at the best price available.