Pipeline seals deal to acquire 3D Markets
Block trading venue Pipeline Financial has completed a deal to buy the assets of US block trading options firm 3D Markets, to foster institutional block crossing for US options trades.
Tag: Dark pools
Citi unveils dark pool for EMEA
Citi is launching Citi Match, its internal dark liquidity pool, in Europe. The system has been live in the US for the past 18 months.
Baikal to partner with Fidessa on SOR
Baikal, the London Stock Exchange’s (LSE) non-displayed equity trading venue, will launch a smart order routing (SOR) service developed with technology vendor Fidessa before its order book goes live in June.
Cheuvreux to complete crossing engine roll-out in Q2
French broking house CA Cheuvreux is planning to finalise the roll-out of its Blink internal crossing engine for European equities by the end of Q2, following its launch at the beginning of this year.
Euro Millennium seeks to end "distraction", plans new tools
Euro Millennium, the European dark pool operated by US technology vendor NYFIX, has confirmed it will change its trade matching algorithm following discussions with UK regulator the Financial Services Authority (FSA).
Buy-side faces aggravation over dark pool aggregation
The ability to stitch together the liquidity residing in both public dark pools and brokers’ internal crossing engines is high on many European buy-side traders’ wish lists. But while some trading venues are responding by establishing dark pool aggregation services, regulatory and commercial hurdles could hamper progress.
Baikal to offer two crossing types
Baikal, the dark pool currently in development by the London Stock Exchange (LSE), plans to offer both continuous and random periodic crossing on its order book in addition to its onward routing functionality, and is continuing its search for broker investment.
SocGen aims for 10% crossing rate in new dark pool
French investment bank Société Générale Corporate & Investment Banking (SocGen CIB) has launched Alpha x Europe, an internal crossing engine for buy-side client order flows, in response to buy-side concerns about market fragmentation, rising trading costs, and gaming in dark pools.
Regulators signal end to permissive oversight of MiFID
A more prescriptive approach to investment firms’ compliance with MiFID is expected by an increasing number of European market participants who draw parallels with the rules-based regime in the US equity markets overseen by the Securities and Exchange Commission.
Advent connects OMS to BIDS platforms
Trading technology firm Advent Software has linked its Moxy OMS order management system to the trading platforms offered by BIDS Trading, a US alternative trading system operator.