Europe

ITG to extend suite across emerging Europe

ITG, an agency broker and trading technology firm, will extend its product range to new European markets as part of its 2009 expansion plans.

Eurex launches drive to attract new members

Eurex, the Frankfurt-based international derivatives exchange, has introduced a series of cost incentives to attract new members to its platform.

SmartPool gets FSA approval to launch on 2 February

Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, has received approval from the UK Financial Services Authority (FSA) to launch on 2 February as planned.

Chi-X extends Spanish market hours

Chi-X, a pan-European multilateral trading facility (MTF), will prolong its market hours for the Spanish markets by 30 minutes to close at 16.00 UK local time from 2 February.

Quadriserv and Eurex Clearing to launch securities lending CCP

Quadriserv, a North American provider of securities lending services, and Eurex Clearing, the post-trade division of European derivatives exchange Eurex, have joined forces to provide central counterparty (CCP) clearing and settlement services for securities lending of European equities.

UK broker expands buy-side offering with Fidessa tools

Collins Stewart, an independent UK investment bank, has gone live with the full suite of trading tools from Fidessa, a provider of trading, market data and global connectivity solutions.

Broker OTC venues create uneven playing field, say exchanges

Broker-owned crossing engines have gained an unfair competitive advantage over traditional exchanges, according to exchange groups’ responses to a call by the Committee of European Securities Regulators (CESR) for evidence on MiFID’s impact on Europe’s secondary markets.

Nasdaq OMX Europe expands routing capabilities

Nasdaq OMX Europe, an exchange-backed multilateral trading facility, has introduced a new onward routing strategy, reinforcing the value of redirecting trades to its business model.

Deutsche Börse to handle trading slump better than rivals

German stock exchange group Deutsche Börse is better positioned to weather the recent slump in trading volumes than its fellow European stock exchanges, according to research by Credit Suisse’s exchanges analyst, Rupak Ghose.

Reliance Globalcom provides low-latency connectivity to MTFs

Reliance Globalcom, a managed network and application delivery services provider, has connected its ethernet-based financial extranet FinancialConnect! to multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe and BATS Europe.