MiFID

444 articles tagged with this keyword

/MiFID

Markit releases MiFID fragmentation analysis

Financial information outfit Markit has combined with eleven top dealers to provide a consolidated source of aggregated data on market activity and liqudity across fragmenting European trading destinations.

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Asset managers call for consolidated tape as MiFID rule changes hit data quality

The UK Investment Management Association (IMA) says the quality of information relating to best execution in UK equities has deteriorated since the introduction of the Markets in Financial Instruments Directive (MiFID) last year.

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Turquoise exceeds forecasts with five per cent share

Bank-backed trading network Turquoise claims to have hit its year-end forecasts two months early by achieving five per cent market share in the 310 stocks traded across its platform.

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Bats Europe launches

Former US ECN operator Bats Trading, now a registered US exchange, says its European multilateral trading facility (MTF) has gone live, initially offering trading in 10 UK-listed securities.

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Nyse Euronext launches best execution performance measurement tool

TransAtlantic exchange operator Nyse Euronext has launched TradeCheck, an online service designed to measure best execution performance across 18 European exchanges and markets.

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Nasdaq OMX buys stake in EMCF

Transatlantic exchange Nasdaq OMX is acquiring a 22% equity stake in European Multilateral Clearing Facility (EMCF), the Fortis Bank subsidiary that was taken over by the Dutch government.

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Nyse Euronext MTF to offer competitive clearing

Transatlantic exchange Nyse Euronext has selected EuroCCP to provide clearing and settlement services for its new European multilateral trading facility (MTF) when it launches in November, but it will open up the platform to competing clearing houses next year.

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Chi-X Europe gets FSA approval for proximity-based sponsored access

Multi-lateral trading facility Chi-X Europe says its trading participants can now provide their clients with a "sponsored access" direct connection to its matching engine after the Financial Services Authority (FSA) approved the move.

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Nasdaq OMX hits out at LSE tariff

A move by the London Stock exchange (LSE) to impose a special tariff on equity orders channelled to its market from competing platforms has led to accusations of "anti-competitive behaviour" from rival Nasdaq OMX.

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Nyfix adds SIS x-clear as CCP provider for Euro Millennium

Swiss central counterparty SIS x-clear has been selected to provide clearing services for Euro Millennium, the dark pool established by Nyfix.

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JP Morgan becomes SmartPool partner

JP Morgan is joining Nyse Euronext, HSBC and BNP Paribas as a partner in SmartPool, the pan-European electronic block trading platform set to launch in November.

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Nasdaq OMX launches European platform

Transatlantic exchange operator Nasdaq OMX says trading has begun on its new MiFID-compliant pan-European trading and routing facility.

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Burgundy MTF selects Cinnober trading technology

Stockholm-based Cinnober has won a deal to provide the platform for Burgundy, the multilateral trading facility (MTF) being established by a group of the largest banks and brokers in Sweden.

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New platforms to challenge LSE on reference data

Chi-X, Turquoise and Nasdaq OMX have joined an informal working group formed by Plus Markets to explore alternative market data and price reporting services to those provided by the London Stock Exchange (LSE).

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Plus takes LSE to court over "anti-competitive" trade reporting rule

Plus Markets, the quote-driven trading system for AIM-listed stocks, has filed an action in the High Court claiming an LSE trade reporting rule is "anti-competitive".

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Chi-X defends risk model for its CCP

Technology rather than headcount is the basis for managing risk in the clearing and settlement of equity trades, according to an executive with alternative trading platform Chi-X

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Nasdaq OMX wins FSA approval as Nyse Euronext prepares to launch Octopus MTF

Nasdaq OMX has won approval from the Financial Services Authority to commence trading as a Multilateral Trading Facility on 26 September. The platform is set to face fresh competition from a new MTF being launched by pan-European rival Nyse Euronext, codenamed Octopus.

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Nasdaq OMX sets pricing for European platform

Nasdaq OMX has outlined the pricing structure for its new pan-European multilateral trading facility (MTF) which will - in the majority of cases - make it less expensive to route orders through the platform than to trade on the primary markets.

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Turquoise hit by technical glitch

Just weeks into its phased launch, trading on MiFID-compliant equities trading facility Turquoise has been disrupted by technical glitches.

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Nasdaq OMX teams with Citi on pan-European order routing

Nasdaq OMX has inked a deal with Citi that will see the bank provide electronic routing of orders from its new pan-European platform to other exchanges and venues across the region.