According to Artur Fischer, joint CEO of Equiduct, the MTF will offer a cheaper service than Chi-X, with four bands of pricing relating directly to order size. Fees will range from just €0.20 ($0.32) for orders of up to €5,000 ($7,900), to €1.10 ($1.75) for orders above €50,000 ($79,000).
The MTF has also launched a real-time feed, which will bring in market data from the London Stock Exchange, Deutsche Börse, Chi-X and Euronext. Known as the volume-weighted best bid and offer (VBBO), the fee
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails