Controversial auction systems face regulatory intervention in Europe if ESMA finds the mechanism does not operate in the spirit of MiFID II.
October was a strong month for block trading activity, with Cboe and LSEG reaching new records on their platforms.
Ahead of the anticipated launch of RFQ for equities from two major trading venues, Hayley McDowell speaks to senior buy-siders and finds out that most are very sceptical of the idea.
Several shareholders will sell their entire stakes in LCH, including Deutsche Bank, Nasdaq and Nomura.
Turquoise will remove its negative fee structure as of 1 November, as LSEG says buy-side support of transaction fee pilot in the US influenced the move.
ED&F Capital Man MENA is the first Middle-Eastern-based member to join CurveGlobal following the LSEG’s financial regulatory approval in Dubai.
LSEG announced plans to adds Euronext Growth stocks to its Turquoise MTF last month.
Mary Schapiro was chair of the SEC from 2009 to 2012 and joined LSEG as a non-executive director in 2015.
MTS has upgraded its BondVision bond trading platform to include automated execution for RFQs.
Turquoise members can now access Euronext Growth securities for trading which will also be cleared by LCH SA.