Agency broker and trading technology provider Neonet has connected to Easy Link, a multi-asset, multi-purpose platform connecting brokers and the buy-side, provided by technology firm IT Software.
Quote MTF, a Hungarian-based pan-European trading venue, is confident of securing liquidity from smart order routers (SORs) from launch because of its pricing model, which it claims will be the cheapest in Europe.
Pan-European equity trading venue Turquoise has set a date for the migration of its stocks to the common symbology framework for multilateral trading facilities.
Jack Vensel has been appointed head of electronic trading for EMEA at Citi, filling a position left vacant since the departure of Richard Evans last November.
European trading platform BATS Europe’s decision to replace European Multilateral Clearing Facility (EMCF) with UK clearing house LCH.Clearnet Ltd for UK and Swiss stocks could prompt EMCF to speed up its interoperability work, according to CEO Jan Booij.
The fragmentation of post-trade data for over-the-counter (OTC) equity trades in Europe is preventing effective transaction cost analysis and impairing the ability to observe best execution principles, according to market participants.
Post-trade services provider LCH.Clearnet has confirmed that it received a takeover bid last Friday from the consortium of banks that revealed its interest in the clearer in February.
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.