Trading Venues

Chi-X Australia ramps up stock coverage

Chi-X Australia, the alternative trading venue owned by Chi-X Global, will increase the stocks offered on its platform after successfully completing its soft launch period.

MICEX adds CCP, dark pool ahead of integration

MICEX, the domestic Russian stock exchange, has updated securities trading rules, including the launch of a central counterparty to help entice greater foreign investment.

TMX board backs Maple takeover

Canadian exchange group TMX has entered a support agreement with Maple Group Acquisition Corporation that would see TMX bought by Maple under a two-step transaction valued at approximately C$3.8 billion.

Nasdaq OMX expands technology reach in Latin America

Bolsa Electronica de Chile, an alternative trading venue in Chile, has signed a deal with market operator Nasdaq OMX for the provision of market technology, exchange trading and advisory services.

Chi-X Australia launch confirmed for end October

Chi-X Australia has received approval from regulator the Australian Securities and Investments Commission to launch on 31 October, marking a new era of exchange competition in the country.

MiFID II risks two-tier access to dark liquidity

The latest draft of the European Commission’s revisions to the Markets in Financial Instruments Directive may leave some European investment institutions with diminished access to off-exchange sources of liquidity by formalising discretionary access to broker crossing networks.

Direct Edge censured by SEC for outage failings

US-based exchange Direct Edge faces sanctions by regulator the Securities and Exchange Commission for violations of US securities laws arising from weak internal controls that resulted in millions of dollars in trading losses and a systems outage.

Maple motives called into question in bid for TMX

Canadian consortium the Maple Group Acquisition Corporation has surprised many market participants by continuing to pursue its takeover bid for exchange group TMX, following the collapse of the London Stock Exchange Group’s rival bid earlier this year.

Long campaign ahead as Chi-X Australia fires price salvo

Chi-X Australia has signalled its intent to offer stiff competition to the Australian Securities Exchange this week by undercutting the incumbent’s trading fees, but Tony Mackay, former CEO of Chi-X Global, predicts a long, hard battle for market share.