News

By removing the trade reporting delay for large orders under MiFID II, the European Commission could push more order flow into the dark as the buy-side seeks to limit interaction with high-frequency trading firms.

The UK's Office of Fair Trading has referred the acquisition of pan-European multilateral trading facility Chi-X Europe by US trading venue operator BATS Global Markets to the Competition Commission for further investigation.

The London Stock Exchange will extend two pricing promotions designed to attract liquidity in FTSE 350 stocks and incentivise high-volume trading participants following positive feedback from members.

Dark multilateral trading facility UBS MTF, owned by Swiss bank UBS, is to accept orders in Italian instruments from 22 June 2011.

SIX Swiss Exchange plans to upgrade its trading platform during Q1 2012 after extending its technology deal with exchange group Nasdaq OMX.

Alternative trading system Chi-X Canada ATS, a wholly-owned subsidiary of trading venue operator Chi-X Global, reports that it has accounted for 4% of total market volume for securities listed on SME-focused primary exchange TSX Venture, owned by Canadian exchange group TMX.

Investment bank Nomura has renewed its expansion of its Americas equities division with the addition of three senior, cash equity trading hires, for the technology, industrial and consumer sectors.

Trading services provider Fixnetix is claiming its new iX-eCute microchip is the world's fastest trading appliance for the financial markets.

BNY Mellon, the investment management and securities servicing firm, has launched BNY Mellon Clearing International, a derivatives clearing services provider for buy- and sell-side institutions in Europe, the Middle East and Africa.

Rapid Addition, the trading technology solutions provider, has supplied Bolsa de Valores de Colombia, operator of the country's main securities exchange, with technology to support its part of a regional integration project with the Chilean and Peruvian markets.