Asset Classes

German exchange group Deutsche Börse has launched a market-maker driven trading model for bonds on its Xetra electronic trading platform.

NYFIX Euro Millennium, a non-displayed pan-European multilateral trading facility (MTF), has closed its doors following the completion of exchange group NYSE Euronext’s acquisition of its parent, trading technology firm NYFIX.

German exchange group Deutsche Börse plans to expand its retail presence with the purchase of a majority stake in Tradegate Exchange, operator of TRADEGATE, an off-exchange trading platform aimed at private investors.

Chi-X Global, the holding company for the Chi-X execution platforms and Chi-Tech trading technology firm, has started the application process for a proprietary trading system (PTS) licence in Japan and has appointed key staff ahead of the launch.

The latest outage at the London Stock Exchange on 26 November did not see a mass shift of trading in UK stocks to alternative trading venues, with market participants torn between trading on multilateral trading facilities and waiting for the resumption of the primary market.

Vega-Chi, a planned multilateral trading facility (MTF) for convertible bonds, has appointed BNP Paribas Securities Services, a division of French bank BNP Paribas, as a post-trade partner.

SmartPool, the non-displayed multilateral trading facility (MTF) operated by exchange group NYSE Euronext, has migrated to the Universal Trading Platform (UTP), the group’s shared matching technology and connectivity point.

Changes to Spain’s settlement infrastructure will increase the amount of trading conducted on alternative venues, according to brokers, but barriers still remain to a truly competitive market.

CEO Xavier Rolet has given the London Stock Exchange “six to nine months” to successfully implement its strategy to consolidate its share of the UK cash equities trading market and has suggested that a positive outcome to acquisition discussions with rival trading venue Turquoise is “around the corner”.

UK regulator the Financial Services Authority (FSA) has fined investment bank Nomura £1.75 million for “serious failings in the due skill, care and diligence” employed when book-marking within its International Equity Derivatives (IED) business.