European clearing houses EuroCCP and SIX x-clear have signed a memorandum of understanding outlining their commitment to interoperate with one another, allowing trading platforms that use the companies to offer a multi-central counterparty (CCP) model.
NEURO Dark, a European dark pool to be launched on 11 May by multilateral trading facility Nasdaq OMX Europe, will offer IOI functionality, smart routing and new 'internalisation' order types.
After winning clearing mandates from European trading platforms BATS Europe and NYSE Arca Europe and signing a memorandum of understanding to clear for Chi-X this week, UK clearing house LCH.Clearnet Ltd has been appointed to clear for broker-backed MTF Turquoise.
The US arm of global agency brokerage Instinet has struck a deal with Decision Economics, an independent research firm, to provide it with distribution services for its research products.
Following yesterday’s news that European trading platform BATS Europe had added LCH.Clearnet Ltd as a central counterparty (CCP) for UK and Swiss stocks, fellow multilateral trading facilities (MTFs) NYSE Arca Europe and Chi-X Europe now plan to use LCH to clear their trades in addition to their existing CCPs.
High-frequency trading is now an integral part of market-making in the US and failure to include these participants in regulatory dialogue could be harmful to market structure, according to a new report from research firm Aite Group.
The European trading community must factor the liquidity won by multilateral trading facilities into trading strategies and indices to enable continuous trading during an exchange outage.
BATS Europe, the European trading platform owned by exchange group BATS Global Markets, has selected LCH.Clearnet Ltd, the UK division of European central counterparty (CCP) group LCH.Clearnet, to clear the UK and Swiss securities traded on its platform.
Agency broker and trading technology provider Bloomberg Tradebook has launched Global Tradebook Trade Analytics (GTTA), a tool that helps users find liquidity in fragmented markets, in Europe.