Although alternative trading venues failed to benefit from the shutdown of the London Stock Exchange (LSE) on 8 September, Eli Lederman, Turquoise’s CEO, thinks the outcome will be very different should a further outage occur.
Tora Trading, an Asian electronic trading solutions provider, has become the latest firm to offer direct market access (DMA) connectivity to the Indian markets.
Nasdaq OMX Group, the US-based exchange group, has revealed its intentions to become a recgonised investment exchange (RIE), allowing it to launch a London-based listing venue.
Despite the launch of new pan-European equity venues, September has shown that market participants have yet to adjust fully to the new trading environment.
PLUS Markets, a UK stock exchange specialising in listing and trading small- and mid-cap stocks, has issued proceedings in the UK High Court against the London Stock Exchange (LSE).
Mutlilateral trading facilities will soon by recognised as agents of consolidation rather than fragmentation in the European equities market, according to Turquoise CEO Eli Lederman.
Tim Ryan, CEO of the Securities Industry and Financial Markets Association, expressed confidence in the ability of the finance sector to overcome its current crisis yesterday, despite persistent reports of further merger discussions between broker-dealers and other institutions.
The Russian Trading System stock exchange has launched a new over-the-counter market, RTS Global, to provide Russian investors with greater access to foreign securities.