07 July 2015

Nyse Euronext to close New York Block Exchange

11 February 2013  |  3227 views  |  0 Dead end

Nyse Euronext is shutting down its electronic block trading venue because of a lack of interest.

The New York Block Exchange (NYBX) was set up in 2009 by Nyse Euronext as a 50-50 joint venture with Bids Trading, the broker dealer-owned alternative trading system operator.

The electronic venue enabled dark orders from the Bids platform to anonymously access both the displayed and reserve liquidity of the Nyse order book.

However, in a regulatory filing Nyse Euronext says it will close the operation down at the end of February because "after years of operations the facility has not garnered enough volume to achieve critical mass and does not have strong support of customers".

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

20 December, 2012
27 January, 2009

Related company news

 


Top topics

Most viewed Most shared
Singapore pledges S$225m to fintech
9521 views comments | 34 tweets | 24 linkedin
US banks pump $16.6bn into digital transfo...
8213 views comments | 39 tweets | 27 linkedin
Greeks flock to Bitcoin
6606 views comments | 32 tweets | 18 linkedin
Fintech leads the charge as VC investment...
6366 views comments | 33 tweets | 17 linkedin
Mobile banking biometrics gains traction
6272 views comments | 27 tweets | 25 linkedin

Featured job

to 80K base, 160K OTE
London, UK

Find your next job