Both US buy- and sell-side participants are keen to protect block trading from pre-trade transparency, but the parallels between actionable IOIs and flash orders may overshadow their alternative proposals.
UK regulatory body the Financial Services Authority (FSA) has proposed changes to its enforcement methods that will allow it to suspend or restrict firms’ trading activities if they breach regulations.
Prague-based investment bank Wood & Company has become a member of pan-European multilateral trading (MTF) facility Nasdaq OMX Europe to trade stocks listed in the Czech Republic and Hungary.
The UK Financial Services Authority (FSA) has fined broker and market maker Winterflood and two of its traders a total of £4.25 million for market abuse after they lost their case in the Court of Appeal.
Technology-savvy buy-side firms are showing that analysis applied at the time of the trade can help reduce execution costs and move beyond the widely prevalent ‘measure and forget’ attitude, according to a new report from consulting firm Celent.
Verizon Business, the technology division of telecommunications firm Verizon Communications, has extended its US trading network to the financial services industry in Europe.
The non-displayed book operated by pan-European multilateral trading facility (MTF) BATS Europe passed the €100 million turnover mark for the first time on 21 April, trading €100,758,149.