NEURO Dark, the new dark pool from pan-European MTF Nasdaq OMX Europe, may become the first equities trading venue to use a consolidated European best bid and offer as a reference price rather than a primary exchange price benchmark.
Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, is planning to launch a pan-European dark pool, called NEURO Dark, on 27 April.
Fixnetix, a market data, trading and exchange hosting services provider, will provide a direct market data feed from NYSE Arca Europe, NYSE Euronext’s new pan-European multilateral trading facility (MTF), to its clients.
ITG, an agency brokerage and financial software firm, has adapted its single-stock arrival price benchmark algorithm, Active, for the Asia-Pacific region.
Lee Hodgkinson, head of London-based stock exchange SWX Europe, will become CEO of SmartPool, the non-displayed multilateral trading facility set up by exchange group NYSE Euronext, on 1 May.
US equities trading platform Direct Edge achieved a matched market share of 10.10% on 11 March, pushing it above the 10% mark for the first time. The firm’s previous one-day matched market share record, achieved on 2 March, was 9.18%.
John Lowrey, former European head of electronic trading at investment bank Lehman Brothers, has been appointed CEO of Chi-X Global, succeeding Tony Mackay.
Electronic Liquidity Exchange (ELX), a bank-backed alternative exchange for US Treasury futures, has set its launch date for June this year, subject to approval by the Commodity Futures Trading Commission (CFTC).
Nasdaq OMX Europe, a pan-European multilateral trading facility, is planning to launch Market Replay Europe, a historical market analysis tool for the European market, in the second quarter of this year.