BATS Global Markets, the operator of US equities exchange BATS, has announced plans to launch a US equity options exchange, and is targeting live trading on the platform in early 2010.
Ned Phillips, CEO of Asian dark pool BlocSec, has acknowledged that plans to bring sell-side liquidity on stream are taking longer than expected, but he denied that the crossing network had stopped taking on new clients.
While the industry has largely applauded last week’s agreement between exchanges, multilateral trading facilities (MTFs) and brokers to harmonise tick sizes across Europe, many acknowledge it is only a first step, and more effort is needed to create true unity.
BNP Paribas has pushed back the Hong Kong launch of its proprietary dark pool, BNP Paribas Internal eXchange (BIX), to Q4 this year because of a longer-than-expected approval process, according to Quentin Limouzi, the bank’s execution product head for Asia and Japan.
Bolsas y Mercados Españoles (BME), the Spanish stock exchange, has announced that it will transfer the remaining shares traded by open outcry to an electronic system.
Buy-side dark crossing network Liquidnet’s total principal traded in Europe in Q2 2009 was £13.38 billion, a 30% increase over Q1 and a 21% year-on-year rise. The figure equates to an average daily principal traded of £219.3 million.
Nasdaq OMX Europe, a multilateral trading facility (MTF) for European equities, has announced enhancements to its order routing functionality and dark pool.
Multilateral trading facilities (MTFs) Chi-X Europe and Burgundy will change tick sizes for certain indices following last week’s agreement between the Federation of European Securities Exchanges (FESE), the London Investment Banking Association (LIBA) and four MTFs to harmonise tick sizes across Europe.
Agency broker and trading technology provider ITG will now base its European transaction cost analysis (TCA) service on consolidated data from both primary exchanges and multilateral trading facilities (MTFs).
The European Commission (EC) has released its long-awaited guidelines on reducing risk in Europe’s over-the-counter (OTC) derivatives markets.