BATS Chi-X Europe and BX Swiss have announced a partnership, which will see the two exchange operators cross-list exchange-traded funds (ETFs) and cooperate on reporting.
BX Swiss has given the green light to BATS's registration as a Swiss Trade Data Monitor, giving firms domiciled outside of Switzerland the ability to report over-the-counter trades in BX-traded Swiss securities to BXTR, the London-headquartered firm's reporting service.
"We made our name by offering solutions that both improve market efficiency and reduce customer costs," says Mark Hemsley, CEO at BATS Chi-X Europe. "Our partnership with BX is no different; through a coherent, coordinated effort the BATS and BX teams will bring new competition and innovative improvements to the Swiss marketplace."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails