Chi-X Europe, the operator of a pan-European multilateral trading facility, has announced the departure of chief financial officer Kevin O'Keefe, as it looks to reshape its management team after being bought by BATS Global Markets
Canadian exchange group TMX has warned that alternative trading system Alpha ATS's IntraSpread dark pool threatens price discovery, following the approval on 8 April of the venue's redesigned internalisation engine by regulator the Ontario Securities Commission.
National regulator the Australian Securities and Investment Commission has issued new guidance designed to improve the disclosure regime for securities lending to promote an “efficient, competitive and informed market in quoted securities”.
Citi Match, Citigroup's broker crossing network, and Liquidnet, the buy-side led block trading venue, have both seen a surge in volumes in Q1 2011, suggesting that the buy-side's increased comfort with trading in the dark is growing.
BATS Europe, the multilateral trading facility owned by US market operator BATS Global Markets, has set out its technology timetable for merging with fellow MTF Chi-X Europe, subject to regulatory approval of the acquisition.
Russian financial services group Otkritie Securities has connected to pan-European multilateral trading facility Chi-X Europe, to provide enhanced market access to Otkritie's clients.
A best bid offer price made of consolidated multilateral trading facility data will in some cases outperform that of the primary market, but using a single MTF's price data to formulate a mid-point best bid offer price would not.
Agency broker and technology provider ITG has rolled out its pan-European Allocator liquidity solution with the added capability of ITG Single Ticket Clearing, the firm's trade aggregation offering.