Asset Classes

Dark trading in Europe continued to grow in the first quarter of 2010, with Credit Suisse among a number of dark pool operators reporting a significant volume increase.

FinansNett Norge, a high-speed connectivity network owned by a consortium of Norwegian brokers and Norwegian central securities depository VPS, has established a connection to Nordic-only multilateral trading facility (MTF) Burgundy.

Goldman Sachs Electronic Trading (GSET) has released an enhanced version of its Auction algorithm.

The growing number of European trading venues offering sophisticated order routing and liquidity aggregation services could further complicate the already challenging issue of directing trades for best execution, but some observers argue that broker and venue routers are complementary.

Agency broker and buy-side crossing network operator Liquidnet has selected Solace Systems, a provider of hardware-based middleware, to provide messaging technology for its liquidity matching service.

European Multilateral Clearing Facility (EMCF), a pan-European central counterparty (CCP), has said it will reimburse its clients some of the settlement and settlement management fees it charged in 2009 as a result of record volumes cleared over the last year.

Global exchange group NYSE Euronext has introduced new fee schedules at its two US options exchanges – NYSE Arca Options and NYSE Amex Options – as part of its continuing effort to be more competitive.

US equities trading venue Direct Edge has said it will argue for a “comprehensive regulatory approach” to exchange access fees in relation to stocks’ minimum price variation when it responds to a request for information from the US Securities and Exchange Commission (SEC).

Exchange group NYSE Euronext’s two European multilateral trading facilities (MTFs) achieved new trading records during March.

Burgundy, the Nordic-only multilateral trading facility, has reported a sharp increase in the amount of Swedish equity trading taking place away from the domestic exchange.