Proposed new rules governing the operation of dark pools in Europe are too restrictive, according to market participants speaking at the TradeTech equity trading conference in London on April 22.
Global exchange group Nasdaq OMX has announced it will close its pan-European multilateral trading facility (MTF). Nasdaq OMX Europe’s last day of trading is expected to be 21 May.
Global exchange group Nasdaq OMX has recovered its US market share from last May’s nadir, while the fortunes of the New York Stock Exchange, part of the NYSE Euronext group, have continued to wane.
The London branch of German investment bank Commerzbank has become latest firm to be fined by the UK Financial Services Authority (FSA) for inadequate transaction reporting.
Both US buy- and sell-side participants are keen to protect block trading from pre-trade transparency, but the parallels between actionable IOIs and flash orders may overshadow their alternative proposals.
UK regulatory body the Financial Services Authority (FSA) has proposed changes to its enforcement methods that will allow it to suspend or restrict firms’ trading activities if they breach regulations.
Prague-based investment bank Wood & Company has become a member of pan-European multilateral trading (MTF) facility Nasdaq OMX Europe to trade stocks listed in the Czech Republic and Hungary.