Agency broker and trading technology provider Bloomberg Tradebook has launched Global Tradebook Trade Analytics (GTTA), a tool that helps users find liquidity in fragmented markets, in Europe.
SIX Swiss Exchange, Switzerland’s national stock exchange, has completed the transfer of trading in Swiss blue-chip stocks to its main exchange in Zurich from SWX Europe, its London-based trading platform.
Readers of theTRADEnews.com have voiced their dissatisfaction with bulge-bracket brokers in the results of our latest monthly poll. Only 7% indicated that they were planning to shift more orders to full-service houses, while the vast majority – 75% – said they would be directing more flow to agency brokers.
LCH.Clearnet SA, the French arm of European clearing provider LCH.Clearnet, plans to cut fees for NYSE Euronext, Bourse de Luxembourg, Equiduct and NYSE Euronext’s SmartPool multilateral trading facility (MTF) by 30% from 1 July 2009.
US equities trading venue BATS Exchange will pay a rebate to firms removing liquidity from its order book under certain conditions as part of its new routing and execution fee schedule, which takes effect today.
Transatlantic exchange group NYSE Euronext yesterday reported increased trading volumes in its US cash equities business in the first quarter, but a slump in the corresponding activity in Europe over the same period, underscoring the structural differences between the two markets.
Having walked out on merger talks with European clearing house LCH.Clearnet, US post-trade utility DTCC is focusing on developing its existing business in Europe, including pan-European clearing facility EuroCCP and its Deriv/SERV matching and confirmation service.
Burgundy, a multilateral trading facility (MTF) for Nordic stocks backed by a consortium of the region’s banks and securities trading firms, has selected Transaction Network Services (TNS) for connectivity services.
NYSE Arca Europe, a European multilateral trading facility (MTF) backed by global exchange group NYSE Euronext, has joined the MTF working group to develop a uniform symbology framework for European equities.
Euroclear, the European provider of clearing services, has completed its purchase of trade matching and market data firm Xtrakter from the International Capital Market Association (ICMA).