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.
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.
Press release
© NASDAQ OMX
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