London Stock Exchange Reveals Strong Growth for Block Trading Products
- Every FTSE 100 stock would be prevented from being traded in dark pool venues should current trading patterns persist in 2017.
London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term today announced positive metrics over its hidden Midpoint Pegged orders, designed to facilitate large-in-scale dark trading, as well as strong volumes on its Turquoise Plato Block Discovery™ platform.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
Hidden Midpoint Pegged orders allow participants to enter orders above the large-in-scale threshold at the mid-price without displaying either price or volume to other participants. These orders can interact with both displayed orders and other hidden orders on the order book, which allows participants to maximise matching opportunities and interacting with both lit and dark Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.
In the post-MiFID II environment, which will significantly alter the use of dark pool and off-order book trading, participants using the new functions will benefit from a new central destination for trading large blocks of shares in a dark environment.
According to the LSE’s statement, the exchange realises the importance of providing customers with choices in the post MIFID II trading environment as every stock in the FTSE 100 would be prevented from being traded in dark pool venues or off-order book should current trading patterns persist in 2017.
Meanwhile, London Stock Exchange also announced that there has been over €8.5 billion traded on Turquoise Plato Block Discovery™ since launch in October 2014. The exchange also reported a higher average trade size at €312,099, which is over 30 times more than the industry dark pool average.
Brian Schwieger, Global Head of Equities Products at London Stock Exchange, commented: “2017 will be the year that the industry moves into top gear preparing for MiFID II and we expect even greater focus given to the problem of working through the double volume caps. We have worked with our customers to launch and develop a suite of innovative new trading services whose adoption is already playing a significant role in the evolution of equities trading that we expect will gather momentum next year.”
London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term today announced positive metrics over its hidden Midpoint Pegged orders, designed to facilitate large-in-scale dark trading, as well as strong volumes on its Turquoise Plato Block Discovery™ platform.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
Hidden Midpoint Pegged orders allow participants to enter orders above the large-in-scale threshold at the mid-price without displaying either price or volume to other participants. These orders can interact with both displayed orders and other hidden orders on the order book, which allows participants to maximise matching opportunities and interacting with both lit and dark Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.
In the post-MiFID II environment, which will significantly alter the use of dark pool and off-order book trading, participants using the new functions will benefit from a new central destination for trading large blocks of shares in a dark environment.
According to the LSE’s statement, the exchange realises the importance of providing customers with choices in the post MIFID II trading environment as every stock in the FTSE 100 would be prevented from being traded in dark pool venues or off-order book should current trading patterns persist in 2017.
Meanwhile, London Stock Exchange also announced that there has been over €8.5 billion traded on Turquoise Plato Block Discovery™ since launch in October 2014. The exchange also reported a higher average trade size at €312,099, which is over 30 times more than the industry dark pool average.
Brian Schwieger, Global Head of Equities Products at London Stock Exchange, commented: “2017 will be the year that the industry moves into top gear preparing for MiFID II and we expect even greater focus given to the problem of working through the double volume caps. We have worked with our customers to launch and develop a suite of innovative new trading services whose adoption is already playing a significant role in the evolution of equities trading that we expect will gather momentum next year.”