News

Market data solutions provider Vhayu Technologies has launched Velocity TCA, a real-time transaction cost analysis (TCA) tool for the buy-side.

Have benchmark-hitting algorithms such as VWAP had their day? While more sophisticated, liquidity-seeking strategies might seem more suited to today’s unpredictable trading environment, responses to theTRADEnews.com’s March poll tell a different story.

French investment bank Société Générale Corporate & Investment Banking (SocGen CIB) has launched Alpha x Europe, an internal crossing engine for buy-side client order flows, in response to buy-side concerns about market fragmentation, rising trading costs, and gaming in dark pools.

EuroCCP, the European central counterparty service operated by US clearing house DTCC, has reduced its clearing and risk management fees to attract more business to the trading platforms it supports.

Atrium Network, a financial connectivity provider, has added agency brokerage Instinet Europe to its extranet community, granting the broker low-latency connectivity to multilateral trading facilities

US trading venues BATS Exchange and Direct Edge put further competitive pressure on their traditional exchange rivals, Nasdaq OMX and NYSE Euronext, this week by announcing fee cuts on the same day.

Buy-side firm Ignis Asset Management has selected smart order routers (SORs) from five brokers for the first phase of its SOR implementation following an extensive provider review, according to Betsy Anderson, the company’s head of centralised dealing.

BATS Europe, a pan-European multilateral trading facility backed by US exchange BATS, grabbed more European market share than rival platform Turquoise for the first time this week, as the loss of Turquoise’s market-making agreements took hold.

A more prescriptive approach to investment firms’ compliance with MiFID is expected by an increasing number of European market participants who draw parallels with the rules-based regime in the US equity markets overseen by the Securities and Exchange Commission.

Norwegian exchange group Oslo Børs will introduce a new fee schedule on 1 May, which it claims offers “significant reductions” on the existing tariff introduced last September.