Dark allure for BATS

BATS Europe, the wholly-owned subsidiary of BATS Global Markets has launched its dark pool, the first with maker-taker pricing in Europe - the multilateral trading facility will rebate 0.1 basis points to participants who add liquidity and charge 0.25 basis points to those who remove liquidity in the dark pool. The new dark pool is separate from BATS Europe's current integrated book, which combines visible and hidden order types. BATS Europe participants can send orders to the dark pool

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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