Topics: Exchanges/ECN BATS Chi-Ex Europe Wins Recognized Investment Exchange Status in U.K. May 09, 2013The change in status will allow the pan-European MTF to compete directly with stock exchanges across Europe including the LSE and Deutsche Borse. 3rd Birthday of Flash Crash: Is the Stock Market Safer? May 06, 2013Three years later since that catastrophic event, exchanges have eliminated stub quotes and implemented safe guards such as limit-up/limit down. But there's inertia on many other issues. Countering HFT Exclusives, CME-Nasdaq Launch Microwave Connectivity for Market Data May 03, 2013Citing customer demand, CME and Nasdaq are linking their Carteret and Aurora data centers to transmit market data over a microwave network in under 4.25 milliseconds, which is faster than fiber.
Credit Suisse No Longer Reporting Dark Pool Volumes, Takes Away from Transparency April 23, 2013The largest dark pool's decision to stop reporting its volume statistics most likely relates to concerns that U.S. regulators are targeting off-exchange volumes. ISE Announces Gemini as Name of New Options Exchange April 12, 2013Pending SEC approval, ISE expects to launch Gemini, its second options exchange, in Q2. Nasdaq OMX Enhances UltraFeed April 09, 2013Nasdaq OMX's UltraFeed now includes U.S. equity market depth data from Nasdaq, NYSE Euronext, Direct Edge and BATS exchanges combined into a single feed. . Nasdaq, SharesPost to Set Up Market for Unlisted Stocks March 06, 2013Nasdaq OMX Group Inc will form
a marketplace for trading in shares of unlisted companies in a
joint venture with small trading platform SharesPost Inc,
tapping into increasing investor interest in private firms. Dow Hits Fresh Record as Private Hiring Picks Up March 06, 2013Wall Street resumed its climb
into uncharted territory on Wednesday, with the Dow setting
another intraday record as hiring by companies rose strongly
last month. ConvergEx's Pre-Market Algo Could Help Traders Find Liquidity at Volatile Time of Day March 04, 2013The automated tool is aware of the idiosyncratic nature of the pre-market session, when prices are erratic and volume is thin. CBOE Would Consider Going Private If Benefits Shareholders -COO February 15, 2013CBOE Group Holdings Inc, which
became a publicly held company in 2010 after years of effort,
would consider going private again if doing so would benefit its
shareholders, a top executive suggested on Thursday. NYSE Euronext to Cut Costs Ahead of ICE Sale February 05, 2013NYSE Euronext has pledged
to reduce costs further to offset slower trading as it prepares
for this year's planned sale to IntercontinentalExchange
(ICE). BATS U.S. Equity and Options Market Share Rises in January February 04, 2013BATS' captured 11.7 percent of U.S. equity market share in January, vs. 11.1 percent one year ago, but down from 11.9 percent in December. ICE Eyes IPO of NYSE Euronext's Equity Exchanges in Europe After Deal Closes January 24, 2013InterContinental Exchange is buying NYSE Euronext to become a global powerhouse in derivatives, but European equities are a different story. Dark Trading Benefits Stocks Until 50 Percent Threshold— Study November 19, 2012A study conducted by CFA Institute of undisplayed trading in dark pools and via broker-dealer internalization found that market quality deteriorates once more than 50 percent of stock's volume is traded in the dark. BATS' Acquisition of Chi-X Europe Clears UK Regulator October 20, 2011The UK Competition Commission provisionally concluded that customers have the power to prevent the merged company from raising trading fees or worseing service. BM&FBovespa Will Use Nasdaq OMX's Surveillance Program September 15, 2011Brazil's largest exchanges and its SRO plan to use Nasdaq OMX's SMARTS Integrity market surveillance program to monitor trading across their equities and commodities platforms. Fidessa Passes Certification Test for Chi-X Australia September 13, 2011Fidessa is also providing the software and technology infrastructure for ASX Best, a multi-market trading application that allows smart order routing between venues. Nasdaq OMX Hires Head of U.S.Equities July 12, 2011Appoints Michel Finzi, previously with ConvergEx RealTick, to drive product development in U.S. equities and other asset classes. Redline Trading Speeds Up NBBO Calculations June 13, 2011The firm's InRush NBBO calculates the NBBO for U.S. equities and delivers the composite 5 microseconds faster than the SIP feeds.