NYSE Euronext makes US play for block trading

Tuesday 30 October 2007 at 05:28

NYSE Euronext has made its second move to support the trading of large blocks of shares by banks and brokers in less than a week, after forging a joint venture with a US trading company owned by the stock exchange's largest customers.

NYSE Euronext said today it has reached an agreement with Bids Trading, a US alternative trading system backed by 12 Wall Street banks, "to improve execution quality and access to liquidity in block trading".