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.
The rule book for AIM Italia, Borsa Italiana’s answer to the London Stock Exchange’s AIM market for small- and mid-cap stocks, became effective today, bringing the new market closer to launch.
Pan-European trading platform Turquoise has revealed a raft of plans designed to boost trading on the platform, including undercutting the taker fees charged by rivals Chi-X and BATS Europe.
Pan-European multilateral trading facilities Chi-X and Turquoise have revealed plans to start operating in Spain.
There is not enough trading volume to sustain Europe’s new execution venues, according to Frederic Ponzo, managing director of financial technology consultancy NET2S.
Transaction Network Services (TNS), a market data and connectivity provider, has added Turquoise, the pan-European trading platform, to its expanding portfolio of trading venues and established a market data connection to the Taiwan Stock Exchange (TWSE).
Global exchange group Nasdaq OMX is to extend its trading hours for all asset classes on its Baltic exchanges, in a bid to generate greater trading activity and attract more foreign investors.