NYSE Euronext Plans Pan-European MTF for Corporate Bonds
NYSE Euronext announced that it is in the process of creating what it says will be the first pan-European multilateral trading facility (MTF) for corporate bonds, in response to recommendations made by the Cassiopeia Committee earlier this year. Meanwhile, TradingScreen is planning to launch a similar MTF.
NYSE will leverage technology from its Universal Trading Platform (UTP) for scalability, capacity, resilience and low latency, according to the exchange. The MTF will only accept “firm orders
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