NYFIX shifts US dark pool to high-speed platform
NYFIX, a trading solutions vendor, is migrating trading on its US-based Millennium dark pool to a new high-performance technology architecture, HPX.
Trading Venues
FSA tells NYFIX to modify Euro Millennium
Euro Millennium, the pan-European dark pool for equities trading, has been asked by the UK’s financial regulator to make modifications to its functionality, according to a statement by parent company NYFIX, the US-based trading solutions vendor.
Chi-X fees a tenth of European incumbents’ – TowerGroup
Chi-X, a pan-European multilateral trading facility, will continue to siphon liquidity from incumbent exchanges because of its low transaction costs – up to a tenth of those charged by its competitors – according to a new study from research and advisory firm TowerGroup.
Burgundy and HKMEx sign up to new surveillance tool
Burgundy, a Nordic multilateral trading facility, and the Hong Kong Mercantile Exchange (HKMEx) have signed up to Scila Surveillance, a new market surveillance tool jointly developed by systems provider Cinnober and technology firm Scila.
Markets at “critical” juncture – new global exchanges head
William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.
Consolidated tape stifled by incumbent exchanges
The market data policies of Europe’s incumbent exchanges “go against the spirit of MiFID provisions”, according to a letter from Equiduct Trading joint-CEO Artur Fischer sent to the Committee of European Securities Regulators (CESR).