Barclays Capital, the investment banking division of Barclays Bank, has taken a minority stake in Tradeweb, a provider of online electronic trading marketplaces for fixed income, derivatives and equities.
RTS Realtime Systems Group, a trading technology firm, has teamed up with connectivity provider Fixnetix to provide low-latency access to European equity and derivatives markets.
The London Stock Exchange and pan-European multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe, BATS Europe and Turquoise have agreed on a list of 12 FTSE 100 stocks that will trade with finer tick sizes on their respective platforms.
Following a slump in trade volumes and turnover across Europe in the first quarter of this year, both value traded and number of transactions have risen in the second quarter. However, values still fall short of the levels seen in last year’s fourth quarter, when the financial crisis hit.
Order types that briefly display unfilled marketable orders to a trading venue’s members before routing them elsewhere can benefit the buy-side, but there are also potential dangers inherent in their use, industry experts suggest.
Direct Edge has fuelled the price war among US equity trading venues by offering rebates to liquidity providers from 1 July.
Seven European exchanges and four multilateral trading facilities (MTFs) have agreed to adopt a common tick-size regime proposed by the Federation of European Securities Exchanges (FESE) as part of a continuing effort to harmonise tick sizes across the continent.
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.
Trading activity in Europe’s equity markets continued to pick up in April, with total turnover across exchanges and multilateral trading facilities increasing 15.6% to €1.31 trillion, according the latest market share report from data provider Thomson Reuters.
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.