MTFs & ECNs Archive

May 25, 2010

Chi-X rearranges boards as Mackay steps down

Chi-X rearranges boards as Mackay steps down

Chi-X Global, a trading venue operator and technology provider, has reshuffled its top tier of management, following the appointment of Tony Mackay to the non-executive position of chairman emeritus. read more>

May 20, 2010

Dark MTF volumes tumble on information leakage fears

Trading in dark pools operated by multilateral trading facilities Chi-X Europe and BATS Europe fell today because of investors’ fears about potential information leakage from post-trade data feeds. read more>

May 19, 2010

Turquoise bids for greater passive flow

Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, has introduced a pricing promotion on its integrated order book to attract more passive flow. read more>

May 19, 2010

Burgundy seeks exchange status to list warrants, ETFs

Burgundy seeks exchange status to list warrants, ETFs

Burgundy, a Nordic multilateral trading facility, has applied to operate a regulated market as an exchange for listing and trading warrants, certificates, exchange traded funds and structured products. read more>

May 19, 2010

Nasdaq OMX Europe delays closure to allow Equiduct migration

Nasdaq OMX Europe delays closure to allow Equiduct migration

Nasdaq OMX Europe, a pan-European multilateral trading facility, has delayed the closure of its trading platform to 1 July to complete customer migration to alternative trading venue Equiduct. read more>

May 18, 2010

Chi-X Australia prepares for launch with ex-ASX hires

Chi-X Australia, the alternative trading system owned by Chi-X Global, has hired two former Australian Securities Exchange executives ahead of its launch in Q4 this year. read more>

May 10, 2010

UBS names CEO for European MTF

UBS names CEO for European MTF

Swiss investment bank UBS has appointed Robert Barnes to lead its pan-European non-displayed trading platform, UBS MTF. read more>

May 05, 2010

Nasdaq OMX plans life after MTF closure

Nasdaq OMX plans life after MTF closure

Nasdaq OMX may reuse existing trading venue licences in the Nordic region to re-establish its pan-European ambitions, according to Hans-Ole Jochumsen, executive vice president at the exchange group. read more>

May 05, 2010

Commission should examine MTF pricing – NYSE Euronext

The European Commission ought to consider whether multilateral trading facilities (MTFs) with large market shares should be allowed to pay rebates for passive order flow, according to Cees Vermaas, executive director of sales and relationship management for European cash markets at global exchange group NYSE Euronext. read more>

May 04, 2010

Chi-X grabs 30% FTSE 100 share

Chi-X Europe, a pan-European multilateral trading facility (MTF), has reached a new milestone in FTSE 100 trading, breaking through the 30% market share barrier for first time on 4 May. read more>