Goldman Sachs’ calls for US dark pools to adopt a standard system for publishing trade volumes has been met with a lukewarm response from some independent crossing networks.
Deutsche Börse Market Data and Analytics, the information services division of German exchange group Deutsche Börse, has launched CEF ultra+ Xetra, a new multicast data feed for the Xetra electronic order book.
Investment bank Credit Suisse’s Advanced Execution Services (AES) electronic trading unit has launched a suite of algorithmic strategies for trading Indian equities.
Broker-dealer Goldman Sachs has announced that, starting June 2009, it will report all volumes traded in its SIGMA X dark pool on a single-counted basis rather than counting each side of a trade separately.
Pan-European clearing house EuroCCP has proposed the adoption of a single, standard European convention for interoperability between providers of central counterparty (CCP) clearing services.
Multilateral trading facilities (MTFs) and exchanges are on the verge of igniting a tick size war that could decrease market efficiency and prove detrimental to investors searching for liquidity in European stocks.
While there has been much focus on improving pre-trade transparency in post-MiFID Europe through the introduction of a European best bid and offer (EBBO) data feed, fragmentation of post-trade data is also causing headaches for buy-side traders, prompting calls for a single, centralised source of trade reporting information.
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF) owned by global exchange group Nasdaq, has introduced a rebate scheme that will reward participants for posting a certain amount of liquidity on the platform.
In a move that could see them capture additional market share from incumbent exchanges, two multilateral trading facilities (MTF) are this week stepping up their efforts to adopt standardised tick sizes across European trading venues.
Tullett Prebon Information (TPI), the market data division of inter-dealer broker Tullett Prebon, has made its historical tick-based price data available through information services provider Thomson Reuters’ Datascope Tick History (RDTH).