CA Cheuvreux, the equity broking business of Credit Agricole, has connected to an additional five European dark pools, bringing the total number of non-displayed trading venues it accesses on behalf of institutional investors to 20.
Newedge, a global multi-asset brokerage, will provide derivatives and cash equities to institutional foreign investors via a newly-opened Mumbai-based securities business.
Trading on Chi-X Europe increased in the stocks affected by the London Stock Exchange’s partial outage on the afternoon of Monday, 9 November, but opinions have contrasted sharply on whether this represents a significant step forward for the pan-European multilateral trading facility.
Barclays Capital, the investment banking division of Barclays Bank, has appointed Kevin Ho as managing director and head of futures in the Asia-Pacific region.
Nasdaq OMX Stockholm, the Swedish bourse operated by exchange group Nasdaq OMX Nordic, is to increase its Norwegian stock universe and introduce central counterparty (CCP) clearing for all Norwegian equities.
Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will increase tariffs next month for routing passive orders to primary exchanges in a bid to encourage more passive liquidity to remain on its platform.
Interdealer broker ICAP’s nascent equities execution business, which launched 18 months ago, is aiming to pull itself out of the boutique space and become the world’s leading agency broker, according to Daryl Bowden, the unit’s co-CEO of Europe and Asia.
Importing into Europe established US crossing engine models that mix retail and institutional flow may prove a challenge, but two operators of such systems – Knight Capital and Citi – believe they can rise to it.