Trading Venues

Data shows markets safer despite glitches

Despite recent high-profile glitches, US equity markets have shown resilience in combating market errors, with data showing the number of clearly erroneous trades has significantly dropped.

US market moves against SRO status for exchanges

The industry has witnessed a wholesale shift in its approach to US equity exchanges’ status as self-regulatory organisations in recent weeks, led by the regulator and key participants.

SEC eyes possible trade-break rules harmonisation

After their first collective meeting with US Securities and Exchange Commission Chair Mary Jo White on September 15, leaders from the equities and options exchanges, their respective clearing organisations and the Financial Industry Regulatory Authority are examining how to avoid and improve their handling of trading halts and resumptions.

Citi extends access on modernising Moscow Exchange

Citi will join a host of investment banks establishing direct market access to the Moscow Exchange and opening up its algorithmic offering to let clients trade Russian securities.

Warsaw Exchange could buy 30% of Aquis

Warsaw Stock Exchange is in talks to acquire a 30% stake in Aquis Exchange, the new London-based MTF set to launch in October.

CFTC tells CME to tighten surveillance

The leading US derivatives regulator has told market operator the CME Group to improve monitoring procedures and review its market surveillance staffing levels after a recent review.

Signs of greater dark transparency

The US finance industry's self regulatory body has approached dark pool operators for evidence of how, where and with whom client orders are routed, to better monitor transparency – but key industry figures concur regulators must proceed cautiously.

NLX shows buds of growth

In its first week of operation, new European listed derivatives trading venue Nasdaq OMX NLX has shown an initial steady growth in trading volumes.

Has Facebook marked an end for IPOs?

Nasdaq's botched Facebook IPO has incurred the wrath of the Securities and Exchange Commission, but the failings of US markets to support its initial offering may drive firms to look to alternatives.

Turquoise market share peaks but volume growing

Turquoise, the multilateral trading facility (MTF) owned by London Stock Exchange Group (LSEG) has seen its market share peak and is now seeing its flow fall back.