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BATS European Markets Division, Chi-X Europe Limited and NASDAQ OMX Europe announced the formation of an open, industry working group to develop a uniform symbology framework for trading European stocks.
With a common symbology in place, European trading participants will be able to easily consolidate market data from any trading venue – either MTF or exchange – and more effectively smart route orders. The initiative reacts to the potential complexities that fragmentation can create, said Paul O’Donnell from BATS.
Participation is open to all European execution venues.