Chi-X reports “challenging” end to 2008
Chi-X, a pan-European equity multilateral trading facility, recorded a drop in trading activity during the last quarter of 2008, citing tough market conditions.
Tag: MTFs & ECNs
AboveNet supports high-speed connectivity for BATS Europe
AboveNet Communications, a fibre optic connectivity solutions provider, has installed a private managed Ethernet network for BATS Europe, the London-based pan-European multilateral trading facility.
Alpha Trading Systems secures market position with TNS
Alpha Trading Systems, a Canadian alternative trading system launched late last year, has established a connection to Transaction Network Services’ (TNS) extranet.
Nasdaq OMX Europe revises onward routing service, fees
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has modified its onward routing fee structure for the third time since its launch last September and has added new trading venues to the service.
Direct Edge moves forward with exchange plans
Direct Edge, a US electronic communications network (ECN), has completed its acquisition of the ISE Stock Exchange, a US equity exchange operated by the International Securities Exchange (ISE).
UPDATE: Turquoise to aggregate broker dark pools only
Equity trading platform Turquoise will introduce a pan-European dark pool aggregation service in the first quarter of 2009, subject to regulatory approval, but only intends to connect broker-backed dark pools.
Nordea takes stake in Nordic MTF
Nordea, the pan-Nordic bank, has joined Burgundy, the new multilateral trading facility (MTF) for listed Nordic securities, as a shareholder. Burgundy is scheduled to launch in the first half of 2009.
Nasdaq OMX Europe extends coverage with mid-cap stocks
Pan-European trading venue Nasdaq OMX Europe has extended trading to include the constituents of three European mid-cap indices. The AMX25, NEXT20 and MDAX include mid-cap stocks from the Netherlands, France and Germany respectively.
Interactive Data delivers data from Canadian alternative market
Interactive Data Corporation (IDC), a global provider of financial market data, is to offer clients real-time data for securities traded on Canada’s Pure Trading execution platform.
It’s MTF eat MTF – Citi
Europe’s new multilateral trading facilities (MTFs) have started taking market share from one another, as their ranks have swelled and the amount of order flow they have been able to capture from incumbent exchanges has stagnated, according to research from investment bank Citi.