The London Stock Exchange Group’s revenues in the quarter ended 30 June were £161.9 million, a 5% increase over the £153.1 million reported in the previous quarter, but 8% down on the same quarter last year.
Exchange group NYSE Euronext turnover in FTSE 100 UK blue-chip stocks overtook that of the London Stock Exchange (LSE) in June, according to new monthly market share statistics that market data vendor Thomson Reuters says highlight flaws in the post-MiFID trade reporting infrastructure.
The London Stock Exchange (LSE)’s decision to abandon its maker-taker pricing structure from September – exactly a year after it was first introduced – has won praise from some brokers, but has left others scratching their heads about the apparent u-turn.
Advanced Execution Services (AES), the electronic trading division of global investment bank Credit Suisse, has added a block trading feature to its Crossfinder internal crossing network in Australia.
Alternative Execution, the electronic and portfolio trading division of London-based agency brokerage Execution, has added Israel to the emerging markets where it offers trading services.
Lee Hodgkinson, CEO of SmartPool, the non-displayed trading facility owned by exchange group NYSE Euronext, expects growth in the European dark pool sector to take place over the long term and believes his platform is well-positioned to stay the distance.
The London Stock Exchange (LSE) has revealed plans to use pan-European clearing house European Multilateral Clearing Facility (EMCF) as an additional central counterparty for its Baikal non-displayed multilateral trading facility (MTF).
Despite continued progress in bringing greater transparency to how and what the buy-side pays brokers for execution and research, notably the increasing adoption of commission sharing agreements (CSAs), several issues still cloud how asset managers allocate their payments.
Metzler Asset Management, a division of German private bank Metzler, has said implementing an order management system has enabled it to better comply with MiFID and evidence best execution.
European buy-side traders have recently been inundated with non-displayed trading venues that claim to improve execution performance via unique functionality. Competition between providers is healthy, but has the choice become overwhelming?