New York senator Charles Schumer, who wrote to the US Securities and Exchange Commission (SEC) last Monday urging a ban on so-called flash order types, said commission chairman Mary Schapiro has pledged to fulfil his wishes.
BNP Paribas FIN’AMS, the buy-side dealing desk of the BNP Paribas banking and financial services group, has gone live with Fidessa LatentZero’s order and execution management system, Minerva OEMS.
Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will start routing to non-displayed liquidity venues, including its own NEURO Dark platform, from 10 August.
Nordic multilateral trading facility (MTF) Burgundy’s market share of trading in Swedish stocks hit a one-day peak of 12.1% in July, the platform’s second month of full operation.
BTIG, an institutional broker-dealer, has become a member of the Hong Kong Stock Exchange (HKEx) and expanded its team in Hong Kong as it continues to grow its Asian trading operations.
Pan-European multilateral trading facility Chi-X Europe has launched Chi-Vision, a new routing service aimed at improving the chances of execution by sending orders to external liquidity providers (ELPs)
Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will increase the fee for trading on its NEURO Dark non-displayed order book to 0.2 basis points from 0.1 bps from 1 September.
The Boston Options Exchange (BOX) plans to shift to maker-taker pricing for options classes outside the US penny-pilot scheme from 3 August, despite once being an opponent of the fee model. The exchange already uses maker-taker pricing for penny-pilot options.
The New York Stock Exchange (NYSE), part of the NYSE Euronext group, will charge a lower take rate of $0.0017 a share and a reduced charge for market-on-close (MOC) and limit-on-close (LOC) orders of $0.0006 a share from 1 August for customers who trade above certain levels.
Trading technology provider Charles River Development has added UBS Perimeter, an equities execution algorithm designed for trading on US venues outside regular market hours, to its Investment Management System (IMS).