The London Stock Exchange (LSE) revealed its plans to support low-latency and algorithmic trade execution at the announcement of its preliminary results for the year ending 31st March 2008 on Thursday.
MTFs (multilateral trading facilities) entering the UK to compete against the London Stock Exchange are exposing themselves to an extremely tight and competitive market, according to Simon Brickles, CEO of UK stock exchange PLUS Markets.
The news that Goldman Sachs, Morgan Stanley and UBS have struck bilateral agreements to grant each other’s clients access to their dark pools could prompt more dark pool links in the US and Europe.
The US Securities and Exchange Commission (SEC) has approved stock exchange NASDAQ’s new centralised trading and negotiation system for 144A securities – privately placed, unregistered securities under the SEC’s Rule 144A.
Barclays Capital, the investment banking division of Barclays Bank, has added BATS Trading’s BATS ECN as a routing destination for BARX Equities Trading.