Interoperability between cash equity central counterparties could be delayed until 2014 under amendments to the proposed European market infrastructure regulation presented in a draft report by MEP Werner Langen to the Economic Affairs Committee of the European Parliament on 28 February 2011.
The Australian Securities Exchange closed its market over an hour early on Monday after experiencing software issues on its ASX Trade platform for equities and derivatives.
Market participants remain doubtful that proposed MiFID II rules on high-frequency trading will ensure market safety, according to the results of the February poll on theTRADEnews.com.
Pan-European cash equities clearing house EuroCCP has signed a memorandum of understanding to become the clearing house for pioneer Spanish multilateral trading facility PAVE.
Instinet Europe, an agency broker, has connected to exchange group Nasdaq OMX's non-displayed trading facility Nordic@Mid, which offers dark trading on stocks listed on cash equity markets in Copenhagen, Helsinki, Reykjavik and Stockholm.
Quote MTF, a pan-European multilateral trading facility, has signed agreements with eight passive liquidity providers that will supply flow to the platform in return for an equity stake.
The four-hour outage at the London Stock Exchange on Friday resulted in a 28.6% drop in FTSE 100 turnover, but did not cause any significant drop in the bourse's market share of UK blue-chips.
IntercontinentalExchange, a derivatives exchange and infrastructure operator, has acquired Ballista Securities, a registered broker-dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions.
US and European brokers are expected to spend US$206 million in 2011 on new market surveillance programs, with spending expected to grow at a compound annual growth rate of 14% to US$268 million in 2013.
A four-hour outage on the London Stock Exchange did not see a significant shift of flow to multilateral trading facilities, with many long-only traders preferring to scale back trading activity until the issue was resolved around midday UK time.