Europe

BNP Paribas dealing desk implements Minerva OEMS

BNP Paribas FIN’AMS, the buy-side dealing desk of the BNP Paribas banking and financial services group, has gone live with Fidessa LatentZero’s order and execution management system, Minerva OEMS.

Nasdaq MTF sets dark routing date, unveils order types

Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will start routing to non-displayed liquidity venues, including its own NEURO Dark platform, from 10 August.

Burgundy reports strong Swedish trading in July

Nordic multilateral trading facility (MTF) Burgundy’s market share of trading in Swedish stocks hit a one-day peak of 12.1% in July, the platform’s second month of full operation.

Chi-X launches external liquidity provider programme

Pan-European multilateral trading facility Chi-X Europe has launched Chi-Vision, a new routing service aimed at improving the chances of execution by sending orders to external liquidity providers (ELPs)

Nasdaq MTF hikes dark fee, cuts LSE routing charge

Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will increase the fee for trading on its NEURO Dark non-displayed order book to 0.2 basis points from 0.1 bps from 1 September.

Baikal adds post-trade functions as rollout continues

Baikal, the London Stock Exchange (LSE)’s pan-European dark pool and liquidity aggregation platform, has started using UnaVista, the LSE’s generic hosted matching, reconciliation and data integration service.

Clearers push forward with CDS CCP offerings

There was a flurry of progress in the central clearing of credit default swaps (CDS) at the end of last week, as two firms announced launch dates for their European CDS solutions and one company revealed plans to launch a buy-side-tailored CDS clearing service.

Orange hires to boost adoption of trading network

Orange Business Services – Trading Solutions, a provider of electronic and voice trading infrastructure and services, has promoted Nick Brooks to the position of UK networks director to drive the adoption of its new trading network.