Orange Business Services – Trading Solutions, a provider of electronic and voice trading infrastructure and services, has promoted Nick Brooks to the position of UK networks director to drive the adoption of its new trading network.
The London Stock Exchange and pan-European multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe, BATS Europe and Turquoise have agreed on a list of 12 FTSE 100 stocks that will trade with finer tick sizes on their respective platforms.
Technology will be the most significant driver for growth in the US options market, as market-makers start to rely more heavily on automated black-box strategies, according to new research from consultancy TABB Group.
Global exchange group NYSE Euronext plans to move its primary European data centre, which hosts its matching engine, from France to London, UK in a bid to lure more high-frequency business to its European exchanges.
A recent error in the reporting of over-the-counter (OTC) equity trades, which artificially inflated exchange group NYSE Euronext’s market share of the UK’s FTSE 100 index in June, has highlighted the continuing problems the buy-side faces in obtaining accurate post-trade data in post-MiFID Europe. This has prompted some to call for regulatory intervention.
Interxion, a European data centre operator, has agreed to provide members of specialist Nordic multilateral trading facility (MTF) Burgundy with proximity hosting services and enable low-latency access to the platform from outside the Nordic region.
Electronic equities trading has increased significantly in the US over the last year, driven largely by a sharp increase in algorithmic trading, according to the latest study from consultancy firm Greenwich Associates.
Data vendor Thomson Reuters has launched a suite of pre- and post-trade analytical tools, including a consolidated price source, for the Japanese equities market to help buy- and sell-side traders take advantage of increasing liquidity fragmentation and price competition in the country.
Citadel Securities, the market-making and trade execution division of Citadel Investment Group, has taken a majority stake in alternative trading venue Equiduct, just four months after the platform launched in late March.