Europe

New Turquoise service to link six broker dark pools

Pan-European multilateral trading facility (MTF) Turquoise has named the first six brokers that will participate in its dark liquidity aggregation scheme, to be launched in July.

UK short-selling disclosure regime extended

The Financial Services Authority has confirmed that its disclosure regime for significant net short positions in UK financial sector stocks is being extended indefinitely.

MTFs align Spanish trading hours with primary

Chi-X Europe and Turquoise, two rival pan-European multilateral trading facilities (MTFs), have announced plans to extend their trading hours for Spanish stocks.

LSE cuts jobs to boost responsiveness

The London Stock Exchange Group’s decision to cut roughly 120 jobs stems from new CEO Xavier Rolet’s desire to streamline operations, the exchange said.

Quote MTF joins common symbology drive

Quote MTF, a multilateral trading facility (MTF) based in Hungary, has become the newest member of an industry working group to develop common symbology for European equities.

Nasdaq MTF follows Chi-X into Portugal

Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by global exchange group Nasdaq OMX, will start trading Portuguese listed stocks on the same day as rival MTF Chi-X Europe.

Deutsche Börse releases news feed for automated traders

Deutsche Börse Market Data & Analytics, the information division of German exchange group Deutsche Börse, has launched CEF alpha+ macro, a data feed that supplies macro-economic news directly to automated trading applications.

SOR, algos boost dark trading in Europe – NYFIX

Pan-European dark pool NYFIX Euro Millennium has reported that average daily traded value on its platform increased 70% to almost €82 million in May 2009 from around €48 million in December 2008.