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.
Auerbach Grayson, a New York-based institutional brokerage, has hired J. Patrik Dahlen to oversee the expansion of its Nordic institutional sales team.
FIX Protocol Limited (FPL), the developer of the FIX financial messaging standard, has appointed Zoltan Feledy, a buy-side trader from State Street Global Advisors, as co-chair of the FPL Asia-Pacific regional committee.
TS-Associates (TS-A), a financial technology firm, will provide its TradeSync trading engine synchronisation and latency monitoring service to members of multilateral trading facility Chi-X Europe on a monthly subscription basis.