Burgundy, a multilateral trading facility for Nordic securities, has chosen European Multilateral Clearing Facility (EMCF) as its central counterparty (CCP), and is looking to add other clearers as the platform develops.
This summer will see the launch of yet another pan-European multilateral trading facility, Quote MTF, a Hungarian-based platform that will offer liquidity from third-party market-makers from launch.
Turquoise, a pan-European multilateral trading facility (MTF) backed by nine investment banks, aims to expand clients’ clearing options once its current trading system upgrades make it Europe’s fastest alternative trading venue.
Sponsored access schemes that allow buy-side firms to trade on execution venues under the name of a broker, introduce unacceptable risks for brokers and unclear lines of responsibility, according to Eli Lederman, CEO of pan-European multilateral trading facility Turquoise.
Chi-X Canada ATS, an alternative trading venue for Canadian equities, will launch a month-long inverted maker-taker pricing structure in an effort to attract new business to the platform.
Two pan-European central counterparties (CCPs) – European Multilateral Clearing Facility (EMCF) and SIX x-clear – have signed a memorandum of understanding that will allow multilateral trading facilities (MTFs) to offer members a choice of clearing services.
NYSE Arca Europe, a multilateral trading facility from exchange group NYSE Euronext, has again delayed its launch after further consultations with customers.
Turquoise, a broker-backed pan-European multilateral trading facility (MTF), has announced a series of upgrades to improve response times and capacity on its platform.
Chi-X, a pan-European multilateral trading facility (MTF), will prolong its market hours for the Spanish markets by 30 minutes to close at 16.00 UK local time from 2 February.
Nasdaq OMX Europe, an exchange-backed multilateral trading facility, has introduced a new onward routing strategy, reinforcing the value of redirecting trades to its business model.