NYSE Technologies, the technology division of exchange group NYSE Euronext, has announced that BIDS Trading, a block trading platform for US equities, has chosen its SuperFeed ticker plant as a source of global market data.
Exchange group NYSE Euronext will face more competitive pressure in Europe from next month when BATS Europe, the European trading platform backed by US exchange BATS, introduces ‘inverted’ pricing for stock in three Euronext indices.
The newly-launched European division of dark block trading platform Pipeline will offer clearing and settlement to both buy- and sell-side clients through BNP Paribas Securities Services and pan-European clearing house EuroCCP.
Pan-European trading platform Turquoise has received approval from UK regulator the Financial Services Authority to launch TQ Channel, its non-displayed liquidity aggregation and routing service, in early July 2009.
Deutsche Börse Systems, which operates the exchange group’s German data centres, has announced further reductions in network latency for derivatives market participants.
Société Générale Securities Services (SGSS) is broadening its clearing offering to act as a general clearing member on three new multilateral trading facilities (MTFs).
Brazilian bank Finabank Corretora de Títulos e Valores Mobiliários has implemented Progress Software’s Apama Algorithmic Trading Accelarator, allowing the bank to supply its buy-side clients with customised algorithms.
Quote MTF, a Hungarian-based pan-European trading venue, is confident of securing liquidity from smart order routers (SORs) from launch because of its pricing model, which it claims will be the cheapest in Europe.