NYSE Euronext-TradingScreen Alliance Provides Access to Euro Central Order Book
NYSE Euronext and TradingScreen have announced a partnership that will provide institutional investors easier access to corporate bond markets that meet the criteria defined by the Cassiopeia Committee in April 2010, a French initiative aimed at identifying ways to bolster corporate bond markets emerging from the financial crisis.
Under the terms of this partnership, NYSE Euronext will finance, for a period of three months, costs relating to software licenses, allowing institutional investors to view the European Central Order Book (ECOB), which displays liquidity on NYSE BondMatch and Galaxy, TradingScreen's soon-to-be-launched multilateral trading facility.
As soon as institutional investors are ready to trade on the ECOB, their screens will be reconfigured from "view" to "trading" mode by TradingScreen, and licensing costs will shift to the market-member intermediaries that these investors have selected to execute their orders.
This partnership will allow institutional investors to view the NYSE BondMatch and Galaxy order books before they decide how they will connect to the market. During the first few months, NYSE Euronext and Galaxy will bear initial licensing costs to facilitate decision-making and connection.
This partnership will allow institutional investors to view the NYSE BondMatch and Galaxy order books even before they decide how they will connect to the market.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Goldman exec: Dec. 6 a ‘lighthouse’ for EU T+1 readiness
Officials from JP Morgan, the European Central Bank, the National Securities Depository, and Goldman Sachs explained how T+1 preparation needs to be different in the EU than in the US, while speaking at Sibos.
Month-long power glitch hits key APAC trade surveillance tool
Nasdaq’s alert functions were restored, but users say testing and calibration tools were still disrupted.
Bankers question value of round-the-clock trading
BNY and State Street execs predict the arrival of extended-hours trading will come with a hefty price tag for industry firms.
BlackRock Aladdin prioritizing semantic layer for agentic AI
The asset manager’s tech platform is spending “a lot of time thinking about” semantics before it rolls out AI for a variety of tasks, says Aladdin exec.
Trading firms rethink infrastructure proximity as Asia’s FX markets grow
Firms that treat local infrastructure as core to how they serve clients in Asia stand to benefit from Singapore’s growing role as an FX hub, writes Judy Goh.
Staffing and corporate actions preparations made ahead of 23/5 trading launch
Exchanges, trading firms, and industry observers tackled market preparedness during an SEC roundtable ahead of the December 6 go-live.
GPU compute derivatives are put to the test
Interest rates and onions of the past haunt what could be a booming new index market.
The GPU compute index race begins
Major exchanges are partnering with a new crop of benchmark providers to create a tradable asset class around GPU compute.
