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. ?
European regulators have acknowledged the likelihood of further intervention to complete the transformation of Europe’s equity markets initiated by launch of MiFID in November 2007.
Turquoise, a multilateral trading facility (MTF) backed by nine banks, suffered an outage this morning due to a “complex dark order matching scenario”, according to a notice sent to members.
Instinet Europe, an agency brokerage, has added a pan-European closing cross to its BlockMatch non-displayed equities multilateral trading facility in a bid to encourage more large trades on the platform.
German exchange group Deustche Börse is committed to the European Commission’s Code of Conduct for Clearing and Settlement and forging links between its clearing house, Eurex Clearing, and other central counterparties (CCPs), according to Marcus Zickwolff, head of trading and clearing system design at the group.
Buy-side crossing network Liquidnet has unveiled a partnership with NYSE Euronext, the global exchange group, aimed at increasing access to corporate issuers for institutional investors.
Execution, a London-based agency brokerage, has connected its Alternative Execution electronic trading platform to trading solutions provider TradingScreen.
Post-trade processing firm Omgeo and clearing house EuroCCP – both affiliates of US post-trade utility The Depository Trust and Clearing Corporation (DTCC) – have teamed up to develop a pan-European equities central counterparty (CCP) service for hedge fund transactions.