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).
BATS Europe, a multilateral trading facility, has chosen Transaction Network Services (TNS), a communications company, to provide client connectivity services to its trading platform.
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 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.
Exchange operator Nasdaq OMX Group has launched First North Premier, a new segment of First North, the alternative growth market of the group’s Nordic exchanges.
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.
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.
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.
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.