European derivatives exchange Eurex, a joint venture between Deutsche Börse and SIX Swiss Exchange, has launched an incentive programme to encourage more trading from brokers in central and eastern European countries. The programme is aimed at traders who have not been active on Eurex and want to expand their proprietary trading in the exchange’s products.
Exchange operator Nasdaq OMX Group has launched First North Premier, a new segment of First North, the alternative growth market of the group’s Nordic exchanges.
The migration of NYSE Euronext’s European equities and exchange-traded funds to the Universal Trading Platform (UTP) will allow the exchange group to compete more effectively in post-MiFID Europe, according to Roland Bellegarde, group executive vice president and head of European execution at NYSE Euronext.
The London Stock Exchange (LSE) has said it will introduce hidden limit orders on its trading platform on 16 March 2009, and has revealed more details about future hidden order functionality.
Equiduct Trading, a pan-European equity trading venue, has launched a suite of analytical tools which, the firm says, demonstrate that many trades sent to incumbent exchanges are not being executed at the best price available.
Former Lehman Brothers France CEO Xavier Rolet, who will take the helm of the London Stock Exchange from long-serving chief Clara Furse on 20 May, could be the shot in the arm the exchange needs to cope with its current challenges, according to market observers.
Chi-X Europe, the pan-European multilateral trading facility (MTF), has added to its management team in preparation for the venue’s next stage of expansion.
The London Stock Exchange (LSE) has named Xavier Rolet, former head of investment bank Lehman Brothers’ French operation, as its next CEO, replacing Clara Furse.
IT firm Sungard’s acquisition of trading technology company GL TRADE will give European buy-side firms better access to Sungard’s trading product suite and allow Sungard’s US buy-side clients to tap brokers in Europe and Asia.