The Tokyo Stock Exchange has forged a connection between its arrownet connectivity network and NYSE Euronext’s Secure Financial Transaction Infrastructure, enabling members of the two bourses to benefit from cross access arrangements.
An outage at BATS Europe that knocked out trading on the multilateral trading facility for the entire day did not result in a major liquidity shift to other alternative venues, with brokers simply turning off access to the platform.
European trading platform operators are now starting to define their MiFID II and Dodd-Frank-compliant venue offerings but gaps in the two rulebooks are causing uncertainty for those wanting to service both American and European markets.
A technical glitch at the Australian Securities Exchange yesterday, which prevented the proper reporting of trades by alternative venue Chi-X Australia, could help fuel further debate on market structure in the country.
UBS has bought into the Chi-X Global model, acquiring an equity stake in the international exchange operator and trading technology provider.
Asian equities volumes rose slightly in November to US$1.31 trillion, from a 12-month low of US$1.19 trillion in October, according to data vendor Thomson Reuters’ Equity Market Share Reporter.
The London Stock Exchange has announced a price promotion for the month of December, which the bourse says is in recognition of anticipated low volumes at the end of the year.
SecFinex, the securities lending multilateral trading facility, will close its doors. From Friday, the company will stop taking on new business.
US Congress’s House Financial Services Committee has approved bills in the Dodd-Frank Act that clarify swap execution facilities and exempt some buy-siders from risk mitigation measures concerning OTC derivatives.
BATS Global Markets will aim to integrate its European multilateral trading facility with Chi-X Europe by Q2 2012, after finally completing the deal to buy the rival MTF.