Tag: BATS

More on competition policy

As news comes that the shareholders of both NYSE-Euronext and Deutsche Borse have approved their proposed merger, leaving the decision firmly in the hands of the European competition authorities, the UK’s Office of Fair Trading has published its report on

Posted in Exchanges Tagged with: , , , , ,

Are the authorities serious about competition in financial markets?

The news that Deutsche Borse and NYSE Euronext have today notified their proposed merger to the European merger authorities starts a critical decision-making process for financial markets. It comes at a point when the approach to competition seems mixed. On

Posted in CCP, Exchanges Tagged with: , , , , , , , ,

Can MTFs substitute for exchanges?

An interesting new study from BATS Europe examines what happened when trading on NYSE Euronext stopped for about half an hour on 13 October. It shows the extent to which MTFs have – and have not – become viable alternatives to

Posted in Exchange & Trading Systems, Exchanges, Information Technology Tagged with: , , ,

Is life changing too rapidly for the exchanges?

I recently gave a lecture to the Senior Executive Programme at the London Business School about the way in which the exchanges have evolved over the years. As the audience was non specialist the presentation was intended to cover the

Posted in Exchange & Trading Systems, Exchanges Tagged with: , , , , , , , , , , , , , , , , , , , ,

European equity MTFs and their post-trade arrangements

It is not easy to find a single reference source for European equity MTFs and their post-trade services, so we have compiled this table. We have tried to make it comprehensive and accurate (but please inform us of any omissions

Posted in CCP, Clearing & Settlement, CSD, Exchanges Tagged with: , , , , , , ,