While equity trading costs per transaction in Europe have fallen considerably since 2006, the costs per traded value have increased, according to a study published by the European Commission.
BATS Europe, the multilateral trading facility (MTF) owned by US-based exchange group BATS Global Markets, has set a date for the launch of its dark pool and revealed that it will use a maker-taker pricing model.
Turquoise, a pan-European multilateral trading facility (MTF) backed by nine investment banks, is aiming for a 6-7% market share of pan-European trading by the end of this year, having shown further signs last week of recovering from the loss of its market-making agreements in March.
The London Stock Exchange Group’s revenues in the quarter ended 30 June were £161.9 million, a 5% increase over the £153.1 million reported in the previous quarter, but 8% down on the same quarter last year.
Exchange group NYSE Euronext turnover in FTSE 100 UK blue-chip stocks overtook that of the London Stock Exchange (LSE) in June, according to new monthly market share statistics that market data vendor Thomson Reuters says highlight flaws in the post-MiFID trade reporting infrastructure.
The London Stock Exchange (LSE)’s decision to abandon its maker-taker pricing structure from September – exactly a year after it was first introduced – has won praise from some brokers, but has left others scratching their heads about the apparent u-turn.
Lee Hodgkinson, CEO of SmartPool, the non-displayed trading facility owned by exchange group NYSE Euronext, expects growth in the European dark pool sector to take place over the long term and believes his platform is well-positioned to stay the distance.
The London Stock Exchange (LSE) has revealed plans to use pan-European clearing house European Multilateral Clearing Facility (EMCF) as an additional central counterparty for its Baikal non-displayed multilateral trading facility (MTF).
Metzler Asset Management, a division of German private bank Metzler, has said implementing an order management system has enabled it to better comply with MiFID and evidence best execution.
European buy-side traders have recently been inundated with non-displayed trading venues that claim to improve execution performance via unique functionality. Competition between providers is healthy, but has the choice become overwhelming?