Tag: NYSE Arca Europe

The European Market in US Shares

Both the Turquoise and NYSE Arca Europe MTFs have announced new markets in US shares during European hours. Will these ventures work when attempts in the past have been unsuccessful?

Well perhaps. But liquidity on the MTFs could be thin until New York opens.

A further question is whether the clearing service offered by EuroCCP is enough for traders to regard the European MTFs as part of the same trading space as the US. Or is it necessary to go a step further and make European trading fully fungible with US trading through a single clearing process?

Posted in CCP, Clearing & Settlement, 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: , , , , , , ,