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.
The Depository Trust and Clearing Corporation (DTCC), the US’s central clearing provider, has appointed Robert Hegarty to the new position of managing director, market structure.
Need To Know News (NTKN), a provider of computer-readable news for algorithmic trading, has launched its Lightning Bolt algorithmic news feed services at data centre provider Equinix’s FR2 Frankfurt-North International Business Exchange facility in Germany.
Goldman Sachs Electronic Trading (GSET) has added new features to its US listed options offering, including three new algorithms and the ability to auto-hedge options orders.