Pan-European clearing house EuroCCP has proposed the adoption of a single, standard European convention for interoperability between providers of central counterparty (CCP) clearing services.
Multilateral trading facilities (MTFs) and exchanges are on the verge of igniting a tick size war that could decrease market efficiency and prove detrimental to investors searching for liquidity in European stocks.
While there has been much focus on improving pre-trade transparency in post-MiFID Europe through the introduction of a European best bid and offer (EBBO) data feed, fragmentation of post-trade data is also causing headaches for buy-side traders, prompting calls for a single, centralised source of trade reporting information.
SecFinex, a European electronic trading platform for securities finance, has announced the launch dates for central counterparty (CCP) services for stock lending and borrowing on the SecFinex Order Market.
German exchange group Deutsche Börse will introduce a new pricing model for users of its Xetra electronic trading system from 2 November in response to what it describes as the increasing price-sensitivity of equity trading.
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF) owned by global exchange group Nasdaq, has introduced a rebate scheme that will reward participants for posting a certain amount of liquidity on the platform.
In a move that could see them capture additional market share from incumbent exchanges, two multilateral trading facilities (MTF) are this week stepping up their efforts to adopt standardised tick sizes across European trading venues.
BATS Europe, a US-exchange backed multilateral trading facility (MTF), will become the first alternative venue in Europe to compete with domestic exchanges for trading after the close.
Global exchange group Nasdaq OMX has set a seven-month timeline for the implementation of interoperable central counterparty (CCP) services for its Nordic markets.
Agency brokerage Instinet has added new functionality to its two Japanese crossing networks. Instinet Japan has added a second pre-open VWAP cross to its JapanCrossing dark pool and a new Iceberg order type to CBX ASIA, the firm’s displayed liquidity pool for Japanese and Hong Kong equities. ?