By removing the trade reporting delay for large orders under MiFID II, the European Commission could push more order flow into the dark as the buy-side seeks to limit interaction with high-frequency trading firms.
The London Stock Exchange will extend two pricing promotions designed to attract liquidity in FTSE 350 stocks and incentivise high-volume trading participants following positive feedback from members.
Alternative trading system Chi-X Canada ATS, a wholly-owned subsidiary of trading venue operator Chi-X Global, reports that it has accounted for 4% of total market volume for securities listed on SME-focused primary exchange TSX Venture, owned by Canadian exchange group TMX.
Investment bank Nomura has renewed its expansion of its Americas equities division with the addition of three senior, cash equity trading hires, for the technology, industrial and consumer sectors.
BNY Mellon, the investment management and securities servicing firm, has launched BNY Mellon Clearing International, a derivatives clearing services provider for buy- and sell-side institutions in Europe, the Middle East and Africa.
LCH.Clearnet, the pan-European central counterparty, has said that it will continue to serve NYSE Euronext's European securities and derivatives markets after November 2012.
US derivatives regulator the Commodity and Futures Trading Commission has voted to delay the effective date of new US derivatives rules introduced by the Dodd-Frank Act until 31 December 2011.
Exchange group NYSE Euronext has claimed that its European equity markets offer superior liquidity over pan-European multilateral trading facilities (MTFs).