Nasdaq to Launch Non-Stop Auction Model in Europe
(This article first appeared on efinancialnews.com)
Nasdaq is planning to follow rival exchange Bats Europe with a new order book that will run auctions throughout the day on its European stock markets, in an attempt to allow investors to place large orders without being picked off by nimbler traders.
Overall trading volumes across all products fell 8% from 2020.
Five banks joined tests for settling interbank, monetary policy and cross-border transactions in Swiss francs.
Development of a transparent derivatives market is a critical inflection point for the nascent asset class.
This year ICE will expand carbon credit markets and launch its first carbon index futures contract.
Growth was driven largely by the 19% rise in interest rate products.