NYSE Arca Europe, a multilateral trading facility (MTF) from exchange group NYSE Euronext, has again delayed its launch after further consultations with customers.
The MTF was originally due to launch last November but this was postponed until January because of a lack of client readiness and adverse trading conditions. However, NYSE Euronext has said that they have decided to again defer the launch to later in Q1 because of a shift in their customer’s priorities.
“After consulting with clients and customers, it was agreed that priorities in the current environment are commission and operational risk,” a spokesperson for NYSE Euronext told theTRADEnews.com. “As such, we decided it would be better for customers to migrate to our Universal Trading Platform (UTP) first, so that customers do not have to establish a separate connection to NYSE Arca Europe.” The spokesperson declined to comment on the status of the platform's regulatory approval.
NYSE’s UTP platform allows NYSE’s European and US customers to access the exchange group’s trading and market data services from one single connection.
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