The UK financial regulator, the Financial Services Authority (FSA), has laid out a vision for trading over-the-counter (OTC) derivatives in which standardisation and centralised clearing are preferable, but not mandatory.
An investigation by the Committee of European Securities Regulators (CESR) is expected to find that dark trading currently accounts for no more than 4% of overall European equity trading volumes.
BATS Europe, the pan-European multilateral trading facility operated by BATS Global Markets, will adjust its pricing for all market participants trading on its integrated order book from next year.
Nomura’s decision to reclassify its internal dark pool as a multilateral trading facility (MTF) has reignited the debate on how broker-owned crossing networks should be governed, with observers predicting regulatory intervention or increased liquidity sharing.
Regulation that defines minimum risk requirements and standardises sponsored access arrangements is likely to hit US and European equity market participants in 2010, according to Aite Group.
Eurex, the international derivatives exchange operated by Deutsche Börse and SIX Swiss Exchange, will launch new equity options based on 30 of the most liquid UK-listed stocks on 18 January, 2010.
Quod Financial’s Adaptive Execution Platform trading system now enables sell-side firms to connect directly to exchange group NYSE Euronext’s lit and dark European multilateral trading facilities.
Burgundy, a multilateral trading facility (MTF) for Nordic stocks, has admitted investment bank Credit Suisse as a trading participant. Its trading ID will be CSB.