Leon Christianakis has left his position as CEO of agency broker and technology provider ITG’s Asian business to take up an as-yet-unspecified role at Macquarie, the Australian-listed banking and financial services group.
Chi-X Europe, a pan-European multilateral trading facility (MTF), has reached a new milestone in FTSE 100 trading, breaking through the 30% market share barrier for first time on 4 May.
A study by consulting firm Oxera, commissioned by central securities depository (CSD) Euroclear UK & Ireland, claims that the London Stock Exchange’s (LSE) trading fees account for a much greater proportion of total execution costs for UK equity trades than post-trade costs for large clients, but the exchange has challenged its findings.
Turquoise, the pan-European multilateral trading facility (MTF) majority owned by the London Stock Exchange, has improved the performance of its trading engine to help it better cope with growing dark and market maker volumes.
The majority of buy-side traders are in favour of pre-trade transparency for actionable IOIs, the results of the latest theTRADEnews.com monthly online poll suggest. A total of 58% of respondents to our April poll agreed that actionable IOIs (indications of interest) should be subject to pre-trade transparency requirements.
High-frequency trading in the foreign exchange (FX) markets will rocket to 40% by the end of 2012 from with 25% at the end of 2009, according to a new study by consulting firm Aite Group.
Nasdaq OMX Europe, the pan European multilateral trading facility (MTF), has entered into exclusive talks with Equiduct about the possibility of migrating its client flow to the Germany-based trading venue.
Trading turnover on pan-European multilateral trading facility Turquoise’s non-displayed, mid-point book exceeded €200 million for the first time on 28 April, making it the second-largest dark MTF on that day behind rival Chi-X Europe.