23 October 2017
visit www.response.ncr.com

Nyse Euronext to close New York Block Exchange

11 February 2013  |  3821 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)

Finextra news in your inbox

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

Related stories

ICE to acquire Nyse Euronext for $8.2bn; LSE/LCH.Clearnet talks rumble on

ICE to acquire Nyse Euronext for $8.2bn; LSE/LCH.Clearnet talks rumble on

20 December 2012  |  9892 views  |  1 comments | 5 tweets | 8 linkedin
Nyse Euronext and Bids get SEC approval for block trading JV

Nyse Euronext and Bids get SEC approval for block trading JV

27 January 2009  |  6725 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15659 views comments | 17 tweets | 30 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13673 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10059 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9961 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8958 views comments | 9 tweets | 18 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job