Turquoise, a pan-European multilateral trading facility (MTF), will allow members to formalise privately-negotiated transactions by bringing them onto its trading platform from 1 October.
Buy-side institutions can now connect to Quote MTF, the new Hungary-based multilateral trading facility, via Neonet, an agency broker and trading technology provider.
Global broker Bank of America Merrill Lynch has made its US options algorithmic trading platform available to users of Orc ExNet, a broker connectivity network provided by financial technology firm Orc Software.
BATS Europe, the multilateral trading facility (MTF) owned by US exchange group BATS Global Markets, will cut its fee for removing liquidity to 0.25 basis points from 0.30 bps on a pan-European basis from 1 October until the end of the year.
Index provider FTSE Group will use data from Markit BOAT, the pan-European cash equity trade reporting venue, in its review process to assess stock liquidity.
Global broker J.P. Morgan has added two new functions, AlgoX and FX Options, to its MorganDirect proprietary foreign exchange (FX) and rates trading platform.
Trading platform operator and technology provider Chi-X Global has hired three executives to its Asia-Pacific management team, including a region-wide CEO, and is seeking a licence to set up a trading platform in Japan.
Last week, the US Securities and Exchange Commission (SEC) issued proposals to ban so-called flash order types on the basis that they benefit certain traders to the detriment of others. But market observers warn that further efforts to stamp out market inequalities could have unintended consequences.
Financial markets data provider Markit has launched a new convertible bond index designed to provide investors with exposure to the broad US convertible bond market.
Jack Jeffery, a former executive at inter-dealer broker ICAP, has been appointed the new CEO of European fixed-income exchange MTS, a part of the London Stock Exchange Group (LSE).