German stock exchange group Deutsche Börse is better positioned to weather the recent slump in trading volumes than its fellow European stock exchanges, according to research by Credit Suisse’s exchanges analyst, Rupak Ghose.
Reliance Globalcom, a managed network and application delivery services provider, has connected its ethernet-based financial extranet FinancialConnect! to multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe and BATS Europe.
Equities trading platform BATS Europe’s market share grew to 0.97% by value on 23 January from 0.85% on 16 January, according to the MTF’s new market share display facility, launched today.
Exchange group Nasdaq OMX has delayed the launch of the planned central counterparty (CCP) for its exchanges in Copenhagen, Helsinki and Stockholm, and has scrapped plans to include Nordic-specific features in the CCP and establish a Nordic clearing fund in response to comments from members.
Turquoise, a broker-backed multilateral trading facility (MTF), has announced a new tiered pricing structure amid claims that buy-side traders are not benefiting from lower execution costs resulting from competition between European trading venues.
US equities trading venue Direct Edge will extend the trading hours on its three platforms – EDGA, EDGX and the newly acquired ISE Stock Exchange – in response to international and local client demand.
Despite a sharp decline in European trading activity towards the end of 2008, multilateral trading facilities (MTFs) have sustained their overall market share, according to a report from investment bank Citi.
Europe’s new multilateral trading facilities (MTFs) have started taking market share from one another, as their ranks have swelled and the amount of order flow they have been able to capture from incumbent exchanges has stagnated, according to research from investment bank Citi.
Markit, a market data provider, has launched Markit MSA, a service that ranks brokers by their European equity trading activity, both on and off order book.
Burgundy, a multilateral trading facility for Nordic stocks, has added DnB NOR, a Norwegian bank, to its list of shareholders.