Asset Classes

Alpha grabs 16% of Canadian equities market

Canadian equities trading platform Alpha ATS processed trades representing more than 10% of the volume and over 16% of the value of all Toronto Stock Exchange-listed securities across all Canadian transparent marketplaces on February 18.

CCPs forging more links, but progress could be slow

Two links have already been forged between European central counterparties (CCPs), and more are being worked on amid growing demand for trading platforms to have multiple clearing houses.

CCP for European CDS edges closer as banks add support

Nine leading brokers have committed to use central counterparty (CCP) clearing for CDSs in the European Union amid growing support for the formation of European CCPs to clear the contracts.

Burgundy to begin trading in May

Burgundy, a multilateral trading facility (MTF) for Nordic stocks, will begin trading in the first week of May, starting with Swedish blue chip stocks, and expects to complete a full roll-out of Nordic blue chip stocks by June.

Exchanges’ over-the-counter claims are over the top – brokers

The Wholesale Markets Brokers’ Association (WMBA), a trade body representing interdealer brokers, has hit back at recent comments from the Federation of European Stock Exchanges (FESE) that blamed over-the-counter (OTC) instruments for the current financial crisis.

Deutsche’s new algo aims to ease trading in tough markets

Autobahn Equity, the electronic equity execution business of Deutsche Bank, has launched a new algorithm, based on its proprietary Stealth liquidity-seeking strategy, in more than 30 markets around the world.

UBS launches DMA and algo trading in Turkey

Swiss bank UBS has launched its Direct Execution service, which comprises direct market access (DMA) and Direct Strategy Access – a combination of DMA and UBS's algorithms – in Turkey.

Turquoise prepared for end of market-making deals

Turquoise, a broker-backed pan-European multilateral trading facility, expects a drop in order flow when its market-making agreements expire in mid-March, but said this will be alleviated by improvements to its trading service.

Chi-X fees a tenth of European incumbents’ – TowerGroup

Chi-X, a pan-European multilateral trading facility, will continue to siphon liquidity from incumbent exchanges because of its low transaction costs – up to a tenth of those charged by its competitors – according to a new study from research and advisory firm TowerGroup.

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).