UK exchange group PLUS Markets has resolved its long-standing legal battle with the London Stock Exchange (LSE), allowing PLUS to trade all the stocks listed on the LSE’s AIM small- and mid-cap segment.
The European Commission has proposed a more centralised European financial regulatory structure to strengthen cross-border supervision and risk controls and prevent future financial crises.
LCH.Clearnet Ltd, the UK arm of European clearing house LCH.Clearnet, plans to offer its SwapClear over-the-counter (OTC) interest rate swap clearing service to the buy-side trading community in the second half of 2009.
Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has unveiled plans to expand into central and eastern Europe (CIS), the Commonwealth of Independent States (CIS) and the Middle East with dedicated sales teams for the regions.
The Committee of European Securities Regulators (CESR) has clarified its role in the regulation of dark pools and has acknowledged the need for a European best bid and offer (EBBO) benchmark for the first time.
The Financial Services Authority (FSA) has banned and fined a senior trader employed on Morgan Stanley’s London trading floor for “deliberately disadvantaging his customers by 'pre-hedging' trades without their consent”.
Chi-X Europe, a pan-European alternative trading venue, launched Chi-Delta, its non-displayed order book, on 25 May, offering free execution for those posting liquidity as part of a promotion.
Pan-European clearing house EuroCCP, a subsidiary of US post-trade provider The Depositary Trust & Clearing Corporation (DTCC), has appointed Andrew Simpson as head of product management in London.
Trading activity in Europe’s equity markets continued to pick up in April, with total turnover across exchanges and multilateral trading facilities increasing 15.6% to €1.31 trillion, according the latest market share report from data provider Thomson Reuters.
Global technology vendor Sungard has connected its Front Arena cross-asset order management system (OMS) to Burgundy, a multilateral trading facility for Nordic stocks.