Europe

Broker Crédit Agricole Cheuvreux has expanded its pairs trading capability with the introduction of new algorithms for the North American market.

Global investment bank UBS has become the latest member to connect to Burgundy, a multilateral trading facility (MTF) for Nordic stocks.

BATS Europe, the pan-European multilateral trading facility owned by Kansas-based exchange group BATS Global Markets, hit a new market share record in FTSE 100 stocks on Tuesday.

Markit BOAT, a trade reporting and market data facility for European over-the-counter equity trades, will lower the fee for its pan-European data feed to €40 a month from €120 from 1 January 2010.

The UK’s Financial Services Authority (FSA) has fined Barclays Capital Securities and Barclays Bank £2.45 million for failing to provide accurate transaction reports to the regulator and for “serious weaknesses in systems and controls in relation to transaction reporting”.

Chi-X Europe, a pan-European multilateral trading facility (MTF), has joined telecoms provider BT’s Radianz Ultra Access low-latency connectivity network.

Trading technology provider FTEN has agreed to make its risk control and high-frequency execution services available to clients of MarketPrizm, a European trading infrastructure provided by Chi-Tech, the technology division of trading platform operator Chi-X Global.

The Warsaw Stock Exchange has revealed plans to launch WSE CATALYST, a new market for issuing and trading debt securities in Poland, by the end of this month.

Non-displayed equities trading platform Liquidnet’s European operation traded just over £5.1 billion of principal in August – a new monthly record for the division and the first time its value traded has exceeded the £5 billion mark.

BATS Europe, the multilateral trading facility (MTF) operated by US-based exchange group BATS Global Markets, has set a rollout schedule for its Market On Close after-hours trading service, starting with FTSE 100 stocks.