Equities

The London Stock Exchange (LSE) has hired Mark Ryland as chief technology officer of Baikal, the exchange’s European equities dark pool, scheduled for launch in Q2 this year.

US-based exchange operator NYSE Euronext and BIDS Trading, a broker-dealer and alternative trading system operator, hope to revolutionise block trading in the US with the New York Block Exchange (NYBX), their new dark pool joint venture.

The turnover on German stock exchange group Deutsche Börse’s cash equities market fell to EUR 90 billion in January 2009 from EUR 307.8 billion in January 2008 – a year-on-year decline of 70%.

Two pan-European central counterparties (CCPs) – European Multilateral Clearing Facility (EMCF) and SIX x-clear – have signed a memorandum of understanding that will allow multilateral trading facilities (MTFs) to offer members a choice of clearing services.

Instinet Europe, the European arm of the agency brokerage owned by Japan’s Nomura Holdings, has connected to Smartpool, the non-displayed multilateral trading facility from exchange group NYSE Euronext.

The re-introduction of competition in the US equities clearing space will not create additional complexity and cost, according to Brian Hyndman, senior vice president of transaction services at US exchange group Nasdaq OMX.

NYSE Arca Europe, a multilateral trading facility from exchange group NYSE Euronext, has again delayed its launch after further consultations with customers.

Knight Asia, the Asian arm of US-based agency brokerage Knight Capital, will start trading in nine markets in Asia from today, as it looks to establish a presence in the region.

Nomura International, the London-based division of Japanese investment bank Nomura, has become a member of Nasdaq OMX Nordic as it builds out its new European equity electronic trading platform, launched on 12 January.

Turquoise, a broker-backed pan-European multilateral trading facility (MTF), has announced a series of upgrades to improve response times and capacity on its platform.