BATS Europe, the pan-European multilateral trading facility (MTF) backed by US exchange BATS, is to extend its inverted price promotion for Euronext indices and exchange-traded funds (ETFs) to run throughout July.
Goldman Sachs’ calls for US dark pools to adopt a standard system for publishing trade volumes has been met with a lukewarm response from some independent crossing networks.
Two London-based agency brokerages, Execution and ITG Europe, have tapped staff from investment bank Dresdner Kleinwort to boost their sales trading teams.
Deutsche Börse Market Data and Analytics, the information services division of German exchange group Deutsche Börse, has launched CEF ultra+ Xetra, a new multicast data feed for the Xetra electronic order book.
Investment bank Credit Suisse’s Advanced Execution Services (AES) electronic trading unit has launched a suite of algorithmic strategies for trading Indian equities.
Broker-dealer Goldman Sachs has announced that, starting June 2009, it will report all volumes traded in its SIGMA X dark pool on a single-counted basis rather than counting each side of a trade separately.
While conventional wisdom suggests that the US equity market is already too fragmented, making consolidation inevitable, more trading venues are on the way, according to Larry Tabb, founder and CEO of research and consulting firm TABB Group.
Pan-European clearing house EuroCCP has proposed the adoption of a single, standard European convention for interoperability between providers of central counterparty (CCP) clearing services.
Multilateral trading facilities (MTFs) and exchanges are on the verge of igniting a tick size war that could decrease market efficiency and prove detrimental to investors searching for liquidity in European stocks.
While there has been much focus on improving pre-trade transparency in post-MiFID Europe through the introduction of a European best bid and offer (EBBO) data feed, fragmentation of post-trade data is also causing headaches for buy-side traders, prompting calls for a single, centralised source of trade reporting information.