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