The TRADE highlights the top five most read stories across Europe in H1 2022, including news from DTCC, Euroclear and Clearstream, LSEG, Virtu and BNP Paribas.
The addition brings the total number of trading participants on the equities exchange to 95.
Citadel Securities forks out $2.6 billion annually for payment for order flow and most of it’s on options
Market maker paid out the most in payment for order flow in 2020 and 2021, including $1.7 billion spent on options, followed by Susquehanna and Virtu Financial.
Union Investment negotiated the first-fully electronic swaptions via the RFQ-hub - which resulted in an OTC trade executed in that instrument - earlier this year.
Alongside changes to matching rules and new subscriber segmentation, the Virtu POSIT ATS will also undergo a technological rebuild to improve system performance.
In response to Liquidnet Canada raising its fees five-fold, Virtu Financial has reduced its POSIT Alert Canada commissions, The TRADE understands.
Tools will enable buy-side clients at Virtu to manage data across trading strategy selection, cost attribution and counterparty evaluation.
New initiatives include execution management platform for FX, broker-neutral access to dealer liquidity, FX trade analytics and data.
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
ITG agrees to be acquired by high speed trading firm Virtu for $30.30 a share.