The relationship between providers of transaction cost analysis (TCA) and buy-side traders has chilled. One might not quite say that familiarity breeds contempt, but both sides certainly feel a little taken for granted.
Exchange group Nasdaq OMX has signed a memorandum of understanding with European clearing houses SIX x-clear and EuroCCP to add the two firms to its central counterparty (CCP) service for Nordic stocks.
Guotai Junan Securities, a Chinese securities firm, has selected Sungard’s GL Stream order management system to help manage its order flow from onshore clients and target new overseas buy-side clients.
Pan-European equity trading platform Turquoise’s market share has started to show signs of recovery in UK blue chips following the expiration of its market-making agreements.
Goldman Sachs, Morgan Stanley and UBS, three of the world’s biggest brokers, have granted each other reciprocal access to their respective internal crossing engines in Europe – SIGMA X, MS POOL and UBS-PIN.
US equities trading venue Direct Edge has filed two Form 1 applications with the US Securities and Exchange Commission to gain exchange status for its two trading platforms, EDGX and EDGA.
European clearing houses EuroCCP and SIX x-clear have signed a memorandum of understanding outlining their commitment to interoperate with one another, allowing trading platforms that use the companies to offer a multi-central counterparty (CCP) model.
NEURO Dark, a European dark pool to be launched on 11 May by multilateral trading facility Nasdaq OMX Europe, will offer IOI functionality, smart routing and new 'internalisation' order types.
After winning clearing mandates from European trading platforms BATS Europe and NYSE Arca Europe and signing a memorandum of understanding to clear for Chi-X this week, UK clearing house LCH.Clearnet Ltd has been appointed to clear for broker-backed MTF Turquoise.