Broker-dealer Goldman Sachs has announced that, starting June 2009, it will report all volumes traded in its SIGMA X dark pool on a single-counted basis rather than counting each side of a trade separately.
While conventional wisdom suggests that the US equity market is already too fragmented, making consolidation inevitable, more trading venues are on the way, according to Larry Tabb, founder and CEO of research and consulting firm TABB Group.
Pan-European clearing house EuroCCP has proposed the adoption of a single, standard European convention for interoperability between providers of central counterparty (CCP) clearing services.
Multilateral trading facilities (MTFs) and exchanges are on the verge of igniting a tick size war that could decrease market efficiency and prove detrimental to investors searching for liquidity in European stocks.
While there has been much focus on improving pre-trade transparency in post-MiFID Europe through the introduction of a European best bid and offer (EBBO) data feed, fragmentation of post-trade data is also causing headaches for buy-side traders, prompting calls for a single, centralised source of trade reporting information.
SecFinex, a European electronic trading platform for securities finance, has announced the launch dates for central counterparty (CCP) services for stock lending and borrowing on the SecFinex Order Market.
German exchange group Deutsche Börse will introduce a new pricing model for users of its Xetra electronic trading system from 2 November in response to what it describes as the increasing price-sensitivity of equity trading.
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF) owned by global exchange group Nasdaq, has introduced a rebate scheme that will reward participants for posting a certain amount of liquidity on the platform.
Global brokerage Newedge has named Nicolas Breteau, previously the firm’s CEO for Europe and Middle East, as global head of sales and front office. He will remain on the group executive committee.
In a move that could see them capture additional market share from incumbent exchanges, two multilateral trading facilities (MTF) are this week stepping up their efforts to adopt standardised tick sizes across European trading venues.