Europe

Chi-X Europe, the first multilateral trading facility (MTF) to enter the European market, has announced its intention to launch a dark liquidity book from Q2 this year, subject to regulatory approval.

Citi is launching Citi Match, its internal dark liquidity pool, in Europe. The system has been live in the US for the past 18 months.

Orange Business Services – Trading Solutions, a provider of trading communications services, has connected its recently-established trading network to BATS Europe, the pan-European multilateral trading facility (MTFs) operated by US exchange BATS.

Broker-owned multilateral trading facility Turquoise has chosen QuantFEED, QuantHouse's low-latency market data solution, to access inbound real time data from across the European equity markets.

UK telecoms provider BT has expanded its low-latency connectivity loop Radianz Ultra Access to include market data and execution venues in London.

Multilateral trading facilities (MTFs) have captured around a quarter of trading in European stocks and now provide a viable alternative to primary exchanges, according to new research from broker CA Cheuvreux.

Baikal, the London Stock Exchange’s (LSE) non-displayed equity trading venue, will launch a smart order routing (SOR) service developed with technology vendor Fidessa before its order book goes live in June.

Investment Technology Group (ITG), an agency broker and software vendor, has added Dynamic Implementation Shortfall (Dynamic IS), a list-based algorithm, to its suite of trading tools in Europe

Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has unveiled a maker-taker price promotion for trading NYSE Euronext securities on its platform. The promotion is effective from 1 May until further notice.

US broker Knight Capital has launched a range of agency algorithmic trading and smart order execution strategies developed specifically for the European equity markets.