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.
J.P. Morgan's GlobeClear business has been appointed to provide clearing and settlement services for agency broker Knight Capital Europe, when executing trades on UBS MTF, the pan-European multilateral trading facility (MTF) operated by Swiss investment bank UBS.
David Lawton, head of market infrastructure and policy at UK regulator the Financial Services Authority, told the TradeTech conference in London that the European Commission should drop the proposed new organised trading facility category from MiFID II.
The Singapore Exchange (SGX) launched a new data centre and co-location facility on April 11 as part of its S$250 million Reach project, and remains on track to launch the remaining phases of the initiative, including the world's fastest equities trading engine, despite the collapse of its proposed merger with the Australian Securities Exchange (ASX) last week.
Proquote, the market data provider owned by the London Stock Exchange Group, will be providing full access to its trading functionality through financial information provider FactSet.
FTSE 100 index futures will be available to trade on Turquoise Derivatives, the pan-European derivatives business of cash equities multilateral trading facility Turquoise, from the first week in June, subject to approval by UK regulator the Financial Services Authority.