Asset Classes

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.

Canaccord Capital, a Canadian broker, has joined trading systems provider Fidessa’s global connectivity network.

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.

Patsystems, a derivatives trading solutions provider, has become an independent software vendor for the derivatives segment of Brazilian exchange group BM&F BOVESPA, allowing the firm to offer clients direct market access (DMA) to BM&F BOVESPA’s derivatives market.

European derivatives exchange Eurex, a joint venture between Deutsche Börse and SIX Swiss Exchange, has launched an incentive programme to encourage more trading from brokers in central and eastern European countries. The programme is aimed at traders who have not been active on Eurex and want to expand their proprietary trading in the exchange’s products.

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.