Europe

French asset manager deploys high-speed trading tools

Quantam, a long/short asset manager based in France, has selected the QuantFEED low-latency market data and QuantLINK proximity hosting and order routing services from QuantHouse, a provider of systematic trading solutions.

Morgan Stanley chooses Corvil to track down latency

Investment bank Morgan Stanley will use two products from electronic trading and data latency management systems provider Corvil to help it better understand where latency is incurred throughout the trading process.

Pipeline Europe adds LCH as second CCP

Pipeline Europe, a pan-European multilateral trading facility (MTF) for equity blocks, has added LCH.Clearnet Ltd as a second central counterparty (CCP), joining existing provider EuroCCP.

BATS Europe abandons maker-taker dark pool pricing

BATS Europe, the European multilateral trading facility (MTF) owned by US exchange group BATS Global Markets, will drop maker-taker pricing for its dark pool platform next week following client feedback.

Central clearing arrives in the Nordic equities market

Equities traders in the Nordic region can now benefit from the protection of central counterparty clearing with today’s launch of services for exchange group Nasdaq OMX’s three regional bourses and pan-Nordic multilateral trading facility Burgundy.

European trading volumes up; MTF market share stalls

Exchanges in Europe recorded their highest cash equities turnover levels of 2009 in September, posting a 19.5% month-on-month increase, while multilateral trading facilities’ (MTFs) market share dipped slowly as overall activity rebounded.

BATS Europe admits first sponsored access member

BATS Europe, the pan-European multilateral trading facility (MTF) operated by US exchange group BATS Global Markets, has announced that investment bank Nomura has become its first sponsored access client.

LSE’s Turquoise deal: more than an olive branch to banks

The London Stock Exchange’s (LSE) plan to buy Turquoise is unlikely to be driven solely by a desire to appease the multilateral trading facility’s founding banks, but the plans of those shareholders and liquidity providers are key to the long-term success of the deal.

Fidessa adds stock-level analysis to Fragmentation Index

Trading technology provider Fidessa has added a new feature to its online Fragmentation Index that allows users to analyse the dispersion of trading in individual stocks across Europe’s displayed and non-displayed trading venues.