Nasdaq OMX may reuse existing trading venue licences in the Nordic region to re-establish its pan-European ambitions, according to Hans-Ole Jochumsen, executive vice president at the exchange group.
US equities block trading venue BIDS Trading’s average daily volume in April 2010 was 45 million shares, 126% higher than the same month last year and a 78% increase on March 2010’s volume.
The European Commission ought to consider whether multilateral trading facilities (MTFs) with large market shares should be allowed to pay rebates for passive order flow, according to Cees Vermaas, executive director of sales and relationship management for European cash markets at global exchange group NYSE Euronext.
Progress Software, a provider of financial software, has made a wider range of single-bank foreign exchange (FX) portals available to dealers via its Progress Apama Capital Markets Framework connectivity network.
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.