News

PLUS Markets, a UK stock exchange specialising in small- and mid-cap stocks, has appointed Ian-Patrick Lauder as its new head of trading services.

Chi-Tech, the technology services unit of Chi-X Global, a global provider of market infrastructure technologies and trading venues, has hired Ulf Axman as head of European business development.

A recent decline in European equity trading volumes has coincided with an onslaught of statistics and performance tables asserting the merits of trading on various venues.

Some of Europe’s largest multilateral trading facilities (MTFs) have called for a quick resolution to the regulatory confusion surrounding non-displayed trading functionality and criticised the restrictions imposed by the current regime.

Agency brokerage and software vendor ITG has launched POSIT Marketplace in the US, which combines the flow in three of its non-displayed offerings with liquidity from external dark pools.

US agency broker and trading technology provider Bloomberg Tradebook has launched an electronic request for quotes (RFQ) service for US equity options.

US institutional broker Concept Capital has hired Rich Parker, former head of sales and trading at policy analysis firm Washington Research Group (WRG), as its head of equities.

US derivatives exchange operator CME Group has implemented CorvilNet, a latency management system from technology provider Corvil.

NEURO Dark, the new dark pool from pan-European MTF Nasdaq OMX Europe, may become the first equities trading venue to use a consolidated European best bid and offer as a reference price rather than a primary exchange price benchmark.

UBS has announced that it can now direct client order flow to NYSE Arca Europe, the pan-European multilateral trading facility (MTF) launched by exchange group NYSE Euronext earlier of this month.