Asset Classes

Burgundy targets high-speed, non-Nordic traders with hosting

Interxion, a European data centre operator, has agreed to provide members of specialist Nordic multilateral trading facility (MTF) Burgundy with proximity hosting services and enable low-latency access to the platform from outside the Nordic region.

Algo renaissance boosts US electronic trading – Greenwich

Electronic equities trading has increased significantly in the US over the last year, driven largely by a sharp increase in algorithmic trading, according to the latest study from consultancy firm Greenwich Associates.

Thomson Reuters launches Japanese consolidated tape

Data vendor Thomson Reuters has launched a suite of pre- and post-trade analytical tools, including a consolidated price source, for the Japanese equities market to help buy- and sell-side traders take advantage of increasing liquidity fragmentation and price competition in the country.

Citadel investment a shot in the arm for Equiduct

Citadel Securities, the market-making and trade execution division of Citadel Investment Group, has taken a majority stake in alternative trading venue Equiduct, just four months after the platform launched in late March.

Auerbach Grayson hires for Nordic expansion

Auerbach Grayson, a New York-based institutional brokerage, has hired J. Patrik Dahlen to oversee the expansion of its Nordic institutional sales team.

High-frequency trading growth lures FTEN to Europe

FTEN, a US-based provider of sponsored access trading technology to high-frequency firms and sponsoring brokers, has established a European division and hired Valerie Bannert-Thurner as European executive director. The division will be based in London, UK.

European per-value equity trading costs increase – EC

While equity trading costs per transaction in Europe have fallen considerably since 2006, the costs per traded value have increased, according to a study published by the European Commission.

BATS Europe reveals dark pool features, sets launch date

BATS Europe, the multilateral trading facility (MTF) owned by US-based exchange group BATS Global Markets, has set a date for the launch of its dark pool and revealed that it will use a maker-taker pricing model.

Turquoise targeting 6-7% market share by year-end

Turquoise, a pan-European multilateral trading facility (MTF) backed by nine investment banks, is aiming for a 6-7% market share of pan-European trading by the end of this year, having shown further signs last week of recovering from the loss of its market-making agreements in March.

Italian trading lifts LSE’s Q1 2010 revenues

The London Stock Exchange Group’s revenues in the quarter ended 30 June were £161.9 million, a 5% increase over the £153.1 million reported in the previous quarter, but 8% down on the same quarter last year.