NYSE Arca Europe, a European multilateral trading facility (MTF) backed by global exchange group NYSE Euronext, has joined the MTF working group to develop a uniform symbology framework for European equities.
Euroclear, the European provider of clearing services, has completed its purchase of trade matching and market data firm Xtrakter from the International Capital Market Association (ICMA).
US post-trade utility Depository Trust & Clearing Corporation (DTCC) has announced that it will not go ahead with its planned purchase of LCH.Clearnet, the European clearing house, and will instead “seek other strategic alternatives".
Bolsas y Mercados Españoles (BME), the group that operates all Spain’s domestic stock exchanges, has reported a 39.5% fall in first-quarter net profit to €33.5 million on the back of reduced trading volumes.
European equity trading activity showed signs of stabilising in March, with turnover increasing by 11% from February to just over €1.1 trillion, according to the latest market share report from Thomson Reuters, which includes delayed trades for the first time.
Trading software and analytics provider Tethys Technology has added a new module for options auto-quoting and centralised, risk-managed trading to its Execta execution management system (EMS).
Russian securities firm Maxwell Capital has implemented market connectivity and trade execution solutions from trading technology provider Orc Software.
Taking liquidity away from the public order book poses a threat to the buy-side’s ability to discover prices, say top investment managers at the TradeTech securities industry conference held in Paris this week.
Nordic financial institution Swedbank has implemented the new smart order routing (SOR) module of Front Arena, a cross-asset trading platform from technology provider Sungard.