MTFs & ECNs Archive

May 13, 2009

Quote MTF aims to attract SOR flow with pricing model

Quote MTF, a Hungarian-based pan-European trading venue, is confident of securing liquidity from smart order routers (SORs) from launch because of its pricing model, which it claims will be the cheapest in Europe. read more>

May 13, 2009

Turquoise sets timeline for new symbology

Pan-European equity trading venue Turquoise has set a date for the migration of its stocks to the common symbology framework for multilateral trading facilities. read more>

May 08, 2009

Turquoise’s FTSE share starts to pick up

Pan-European equity trading platform Turquoise’s market share has started to show signs of recovery in UK blue chips following the expiration of its market-making agreements. read more>

May 08, 2009

Direct Edge moves ahead with exchange plans

US equities trading venue Direct Edge has filed two Form 1 applications with the US Securities and Exchange Commission to gain exchange status for its two trading platforms, EDGX and EDGA. read more>

May 07, 2009

Nasdaq dark pool unveils new features ahead of Monday launch

NEURO Dark, a European dark pool to be launched on 11 May by multilateral trading facility Nasdaq OMX Europe, will offer IOI functionality, smart routing and new 'internalisation' order types. read more>

May 07, 2009

LSE share of FTSE 100 trading closes on two-thirds

The London Stock Exchange’s (LSEs) share of FTSE 100 stocks fell to just over two-thirds yesterday for the first time, as a result of accelerated fragmentation in European share trading since the introduction of MiFID in November 2007. read more>

May 05, 2009

BATS Europe to clear UK and Swiss stocks through LCH

BATS Europe, the European trading platform owned by exchange group BATS Global Markets, has selected LCH.Clearnet Ltd, the UK division of European central counterparty (CCP) group LCH.Clearnet, to clear the UK and Swiss securities traded on its platform. read more>

April 30, 2009

Burgundy chooses connectivity provider

Burgundy, a multilateral trading facility (MTF) for Nordic stocks backed by a consortium of the region’s banks and securities trading firms, has selected Transaction Network Services (TNS) for connectivity services. read more>

April 30, 2009

NYSE MTF joins symbology drive

NYSE Arca Europe, a European multilateral trading facility (MTF) backed by global exchange group NYSE Euronext, has joined the MTF working group to develop a uniform symbology framework for European equities. read more>

April 22, 2009

Chi-X announces dark pool, enhances capacity

Chi-X announces dark pool, enhances capacity

Chi-X Europe, the first multilateral trading facility (MTF) to enter the European market, has announced its intention to launch a dark liquidity book from Q2 this year, subject to regulatory approval. read more>