Asset Classes

Turquoise to launch negotiated deals

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.

Neonet adds Quote MTF to smart router

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.

BofA Merrill offers US options algos via Orc

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 ups price war with new taker fee

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.

J.P. Morgan introduces new FX trading tools

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.

Chi-X Global builds Asia team, plans Japan 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.

Is SEC’s flash ban the thin end of the wedge?

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.

LSE hires ex-broker to head bond exchange

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).