Despite a sharp decline in European trading activity towards the end of 2008, multilateral trading facilities (MTFs) have sustained their overall market share, according to a report from investment bank Citi.
The Chilean Stock Exchange aims to benefit from faster transactions and better communication with other exchanges worldwide after signing a deal with IBM, the US technology and consulting firm, for a new securities trading platform.
Europe’s new multilateral trading facilities (MTFs) have started taking market share from one another, as their ranks have swelled and the amount of order flow they have been able to capture from incumbent exchanges has stagnated, according to research from investment bank Citi.
Markit, a market data provider, has launched Markit MSA, a service that ranks brokers by their European equity trading activity, both on and off order book.
Burgundy, a multilateral trading facility for Nordic stocks, has added DnB NOR, a Norwegian bank, to its list of shareholders.
Investment Technology Group (ITG), an agency brokerage and trading service provider, has launched its commission sharing arrangement (CSA) programme in Asia-Pacific, to help buy-side firms embrace best execution in the region.
US buy-side firms directed more order flow to sell-side brokers’ sales traders in response to recent equity market volatility, a new Tabb Group report claims.
Trading systems provider Flextrade has connected the smart order routing function of its FlexTRADER execution management system (EMS) to Alpha ATS, the Canadian alternative trading platform that went live on 7 November.
The Korea Exchange (KRX) has signed a memorandum of understanding (MoU) with the Bank of Laos to create a joint venture that will establish a stock market and supervisory authority in Laos by October 2010.
The rule book for AIM Italia, Borsa Italiana’s answer to the London Stock Exchange’s AIM market for small- and mid-cap stocks, became effective today, bringing the new market closer to launch.