Regions

Direct Edge has fuelled the price war among US equity trading venues by offering rebates to liquidity providers from 1 July.

Seven European exchanges and four multilateral trading facilities (MTFs) have agreed to adopt a common tick-size regime proposed by the Federation of European Securities Exchanges (FESE) as part of a continuing effort to harmonise tick sizes across the continent.

Consolidation of Europe’s multilateral trading facilities (MTFs) is “inevitable” despite predictions by research consultancy Aite Group that they will account for half of European share trading “within the next four to five years”.

The London Stock Exchange (LSE) said it is on track to launch the smart order routing function of its Baikal dark pool and liquidity aggregation service this week following regulatory approval by the UK Financial Services Authority (FSA).

Swedish trading systems provider Tbricks has increased the number of trading venues it connects to with the addition of Xetra, Deutsche Börse’s fully electronic trading platform.

Pan-European multilateral trading facility (MTF) Turquoise has named the first six brokers that will participate in its dark liquidity aggregation scheme, to be launched in July.

Bank of America Merrill Lynch has been approved as a remote member of the Warsaw Stock Exchange by the exchange’s management board.

The Financial Services Authority has confirmed that its disclosure regime for significant net short positions in UK financial sector stocks is being extended indefinitely.

Chi-X Europe and Turquoise, two rival pan-European multilateral trading facilities (MTFs), have announced plans to extend their trading hours for Spanish stocks.

The London Stock Exchange Group’s decision to cut roughly 120 jobs stems from new CEO Xavier Rolet’s desire to streamline operations, the exchange said.