Multilateral Trading Facility - Dark pool - Monsters
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As open outcry is gradually replaced by electronic trading , the trading-room gets the only living place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses . [ edit ] Origin Before the sixties or seventies, the banks ’ capital market businesses were mostly split in as many departments, sometimes scattered in several sites, as market segments: money market (domestic and currencies), foreign exchange , long-term financing, exchange, bond market . By gathering these teams to a single site, banks want to ease: Trading-rooms first appeared among US bulge bracket brokers, such as Morgan Stanley , from 1971, with the creation of NASDAQ , which requires an equity trading desk on their premises, and the growth of the secondary market of federal debt products, which requires a bond trading desk.
Trading room - Wikipedia, the free encyclopedia
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NYSE Arca Equities | U.S. Equities
The fully-electronic NYSE Arca trades more than 8,000 exchange-listed equity securities—including listings on Nasdaq. Traders that use the open, direct, anonymous NYSE Arca Equities platform will make rapid, efficient, electronic executions in multiple U.S. market centers. NYSE Arca’s distinct market structure provides significant transparency, tremendous speed, and both displayed and dark liquidity.
Les MTF (Multilateral Trade Facilities) sont considérées par les différentes places européennes comme l’incarnation des changements et de la libéralisation apportés par la directive MIF. La multiplication de ces nouveaux lieux d’exécution met fin au monopole des marchés financiers, oblige les Prestataires de Services d’Investissement à repenser leur stratégie d’exécution des ordres et à reconsidérer opérationnellement leur chaîne d’exécution, notamment concernant le traitement des informations pré-trade. L’ampleur des changements apportés par ces nouveaux acteurs est encore mal appréciée… La multiplication de ces nouveaux lieux d’exécution met fin au monopole des marchés financiers mais oblige aussi les Prestataires de Services d’Investissement à repenser leur stratégie d’exécution des ordres et à reconsidérer opérationnellement leur chaîne d’exécution, notamment concernant le traitement des informations pré-trade Définition :
Les MTF (Multilateral Trade Facilities) - Agefi.fr
Les plates-formes alternatives à l'aube d'une consolidation - Agefi.fr
Xavier Rolet n'aura pas tardé à imprimer sa marque. Huit mois après avoir succédé à Clara Furse, le nouveau PDG du London Stock Exchange (LSE) a réussi un joli coup : s'emparer de 60 % de Turquoise, une plate-forme boursière alternative (dite aussi MTF pour multilateral trading facility ) lancée en septembre 2008 à l'initiative de neuf grandes banques d'investissement. Une opération stratégique pour l'opérateur boursier britannique qui, confronté à la montée en puissance des MTF tels que Chi-X Europe ou Bats Europe sur son marché domestique, semblait démuni face à l'érosion de sa part de marché.Thank you to our Members and partners for helping Liquidnet become the world's #1 institutional equities marketplace. Liquidnet brings together the world’s largest asset managers and public companies on a single network that directly connects traders, portfolio managers, analysts and corporate issuers. By revolutionizing the flow of ideas, liquidity and capital we have helped change an entire industry while enabling the key players in the institutional investment process to more efficiently capture and retain alpha.
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Chi-X Global is an operator of technologically advanced alternative market centers and a provider of innovative market level trading solutions. By leveraging our operational and market expertise, our goal is to drive positive market structure development and regulatory reform in an effort to create more efficient and transparent marketplace for all participants. Through this vision, we are focused on lowering the overall cost of trading for the benefit of the global trading community.
