19 October 2017
Register now

QuoteMTF goes live with liquidity partners

05 April 2011  |  3611 views  |  0 Source: QuoteMTF

Quote MTF, a next generation, lit trading venue for Pan-European equities, today confirmed that it has successfully completed the connection and go-live of its leading passive liquidity providers that committed to the multilateral trading platform via its equity participation program.

Christian Bower, commercial director, Quote MTF, comments: "The launch has been technically flawless with the first wave of connections utilising FIX and our native interface, QDirect. The initial participants and additional subscribers are starting to trade broadly across the European markets in more than 1,400 single stocks and ETF securities."

Bower continues: "We expect subscribers will progressively ramp up trading over the coming days and weeks as they get assimilated to the platform. Algorithms and Smart Order Routing (SOR) logic will start to factor in the increasing historical trading activity and adapt. Proactive brokers, capitalising on their early mover status, are already taking advantage of the new liquidity and the fee cap."

Quote MTF also confirmed that technical stability has led to a foothold in market share. Quote MTF order book data is featuring in statistics used by practitioners to evaluate the quality of available liquidity, which in turn will influence connection. The quality criteria that appeals to all potential European trading participants includes best prices (EBBO), depth, spread, time and size. Quote MTF is now looking to optimise and harness quality participation to drive subscription and develop market share.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15517 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8710 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8345 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7790 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6961 views comments | 9 tweets | 17 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job