Thursday October 17 2013

News Source: Global Exchanges

Focus: Stock Exchange Regulation

Type: General




BATS Chi-X Europe has announced the rollout of BXTR, a suite of on-and-off Exchange Trade Reporting Services, which offers the pan-European trading community a solution to report trades with the option to centrally clear and multi-laterally settle their off order book trades. BATS Chi-X Europe was approved by the Financial Conduct Authority to operate a Trade Data Monitoring service in August 2013.

The full BXTR offering complements and expands BATS Chi-X Europe’s existing Exchange Trade Report (ETR) service. Highlights of the BXTR service include:

  • Single or multi-party Exchange Trade Reports enabling bilateral pre-negotiated trades to be  brought on-exchange and passed through for clearing by Central Counterparties thereby introducing new settlement netting benefits and satisfying regulatory requirements.
  • Trade Data Monitoring service enabling firms to meet their OTC post trade publication obligations under MIFID, in a flexible, cost effective manner.
  • A Systematic Internaliser Quote service that provides a simplified off-exchange mechanism for broker dealers to meet their pre-trade transparency requirements.
  • A service for MTFs allowing them to disseminate their trade reporting via BATS Chi-X Europe’s outbound market data.
  • Over 10,000 reportable securities and Exchange Traded Funds.

Click on the above link for more details.