BGC, Integral Get FCA Approvals Just in time for the onset of MiFID II, the U.K.’s Financial Conduct Authority (FCA) has authorized that BGC Brokers LP, GFI Brokers Ltd., GFI Securities Ltd. can each operate an organized trading facility (OTF), and Sunrise Brokers can operate a multilateral trading facility (MTF) via GFI Brokers Ltd. and… Read More >>
LMAX Exchange Unveils Prime Brokerage Service
LMAX Exchange, a U.K.-based Multilateral Trading Facility (MTF) for global foreign exchange (FX), has launched a new prime brokerage service, LMAX Prime, according to a company statement. The new service will act as a “prime of prime” service, to “provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with… Read More >>
Turquoise Launches Block Trade Service
Turquoise, the pan-European Multilateral Trading Facility (MTF), has launched a new service aimed at bringing together large block orders in a “truly neutral, passive environment,” undisturbed by “aggressive, low-latency trading strategies,” according to a company statement. The new service, Turquoise Block Discovery (TBD), sits on top of Turquoise’s existing Midpoint Dark Book (MDB). TBD was… Read More >>
BOAT Still Afloat After Acquisition
For the moment, all customers of the European Trade Data Monitor (TDM) platform BOAT are sticking with the service, following Cinnober Financial Technology’s purchase of BOAT from financial information services provider Markit last month. BOAT is an independent TDM that provides post-trade reporting to over 40 investment firms and Multilateral Trading Facilities (MTF), according to… Read More >>
