EuroCCP, the European central counterparty service operated by US clearing house DTCC, has reduced its clearing and risk management fees to attract more business to the trading platforms it supports.
Atrium Network, a financial connectivity provider, has added agency brokerage Instinet Europe to its extranet community, granting the broker low-latency connectivity to multilateral trading facilities
Buy-side firm Ignis Asset Management has selected smart order routers (SORs) from five brokers for the first phase of its SOR implementation following an extensive provider review, according to Betsy Anderson, the company’s head of centralised dealing.
BATS Europe, a pan-European multilateral trading facility backed by US exchange BATS, grabbed more European market share than rival platform Turquoise for the first time this week, as the loss of Turquoise’s market-making agreements took hold.
Norwegian exchange group Oslo Børs will introduce a new fee schedule on 1 May, which it claims offers “significant reductions” on the existing tariff introduced last September.
Need To Know News (NTKN), a provider of computer-readable news for algorithmic trading, has launched its Lightning Bolt algorithmic news feed services at data centre provider Equinix’s FR2 Frankfurt-North International Business Exchange facility in Germany.
Pan-European MTF Turquoise will introduce a new maker-taker tariff structure on 1 April to help combat the fall in trading market share suffered since its market-making agreements with founding banks expired on 13 March.
Pan-European MTF Turquoise is planning to use a consolidated European best bid and offer (EBBO) as the reference price for its new mid-point non-displayed order book, which it plans to launch on 14 April.
NYSE Euronext, a global exchange group, has targeted Q3 2009 for the completion of a common infrastructure that links all its European trading platforms.
Burgundy, a multilateral trading facility (MTF) for Nordic stocks, will use the Radianz Shared Market Infrastructure connectivity network from telecoms provider BT to provide its members with high-speed connectivity for order flow and market data.