As market data prices continue to rise, efficiencies are not being passed on to the rest of the market, said Market Structure Partners’ Niki Beattie, speaking at a Plato Partnership event.
Developed in collaboration with European exchanges including Deutsche Börse, Euronext, SIX Swiss Exchange and Nasdaq OMX, the proposed standards seek to bolster the resilience, consistency and transparency of market operations.
The reason behind the decision is unconfirmed; the move marks the end of an eight-year partnership focused on developing block trading in Europe.
The addition of Optiver aims to help represent the diverse interests of all market participants alongside fostering innovations to improve the overall market experience.
The past week saw new heads of trading appointed, as well as electronic trading quant analytics and chair related roles.
Appointment comes following Christoph Hock's departure; follows his recent decision to step down as head of trading at Union Investments.
Follows the addition of Kepler Cheuvreux, UBS Asset Management and Pictet Asset Management as founding members late last year.
The move follows the Brazilian Securities Commission ruling last year to allow block trading for the first time.
Addition of these new founding members will aid our mission to bring greater efficiency and innovation to all areas of the European equity marketplace, claims partnership.
The past week saw appointments from B2C2, Baton Systems, Goldman Sachs, Plato Partnership, Finalto and AustralianSuper.