The platform aims to open up the portfolio trading market, allowing equity traders on both the buy and sell side to achieve greater transparency in pricing portfolios.
Accessed through a web-based portal, with the underlying technology hosted in London, the platform works in a similar way to eBay, allowing buy-side firms to auction a portfolio of stocks to selected brokers and choose the best price.
A fee of £100 is paid by firms to host an auction and brokers will also pay participation fees
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails