Finextra: Eurex to establish US options trading link

Finextra: Eurex to establish US options trading link
European derivatives exchange Eurex says it will establish a transatlantic trading and clearing link that will enable its customers to access options products at the New York-based International Securities Exchange (ISE), which it acquired last year.

Dealer Criticizes Mifid Over UK Stock Liquidity

Financial News and Information from Financial News Online US
Mifid allows trade reporting up to three days after a trade is executed, meaning some reports are produced later in London than they were before Mifid became law on November 1 last year.
Mifid, which was meant to lower the cost of European equity trading and boost demand [...]

Dark liquidity brews perfect storm for Nyfix – Luke Jeffs

Financial News and Information from Financial News Online US
NYSE Euronext, the world’s largest stock exchange group, is due to launch Project SmartPool, its dark liquidity system, which it is developing in conjunction with investment banks BNP Paribas and HSBC, before the end of June.
Turquoise, the putative trading system backed by nine investment banks, plans to [...]

Europe’s Post-Trade Battle: Efforts gear up to ease cross-border trading :: Nina Mehta

Traders Online: The stock dealers and institutional traders complete interactive news and information service of Traders Magazine
Currently, every European country has a central securities depository (CSD) for settling trades. And most have their own central counterparty (CCP) or clearinghouse to clear domestic trades. Within a country, these organizations are often tied-by rules, regulatory fiat or [...]