Trading Venues

Mutual fund algo was 'flash crash' smoking gun

A report by US financial regulators has identified the attempt to sell 75,000 index futures contracts by a “mutual fund complex” using an execution algorithm in extremely volatile market conditions as the trigger for market mayhem on 6 May.

Chi-X fate to shape Europe's derivatives landscape

The outcome of the current bid speculation surrounding Chi-X Europe, the largest pan-European multilateral trading facility, could fan the flames of an already heated battle between Europe's primary exchanges for derivatives volumes.

Orc offers DMA access to SMX

Trading systems and connectivity provider Orc Software has introduced a new direct market access service to pan-Asian multi-product commodity and currency derivatives platform the Singapore Mercantile Exchange.

Buy-side urged to probe broker dark pools

European buy-side traders will have to analyse the crossing mechanisms operated by investment banks in more detail if recommendations by the Committee of European Securities Regulators (CESR) to shake-up broker dark pools are followed through.

BATS sets new records in Europe and US

European multilateral trading facility BATS Europe has reported record European market share figures for July, as MTFs continue to gain ground against domestic exchanges.

Bourse Direct signs up to Equiduct

French online retail broker Bourse Direct has signed up to trade on Equiduct, a pan-European retail-focused trading platform.

European exchanges: fight or flight?

Europe's largest stock exchanges have so far struggled to stem the tide of market share flowing to multilateral trading facilities (MTFs) since the introduction of MiFID, but is their wisest response diversification or confrontation?

NYSE Liffe UTP derivatives available via Atrium Network

As part of the migration of derivatives exchange NYSE Liffe to its parent group’s Universal Trading Platform (UTP), connectivity technology provider Atrium Network has announced that UTP derivatives will be added to its platform, initially as a test environment.