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.
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.
There is not enough trading volume to sustain Europe’s new execution venues, according to Frederic Ponzo, managing director of financial technology consultancy NET2S.