Euro Millennium is a neutral dark pool of liquidity providing rapid, anonymous matching for equity trading in European markets that is scheduled to be launched by Nyfix in first quarter of 2008.
This new solution adapts to the nuances of MiFID requirements and to the specifics of the emerging multilateral trading facility environment. BNP Paribas Securities Services will provide Euro Millennium with an integrated post trade service, using their own network and trusted local agents.
Jason Nabi, head of financial intermediaries, UK, at BNP Paribas Securities Services, said: We are very happy to be Nyfix’s partner for post-trade services and this agreement demonstrates our commitment to developing innovative solutions for a changing market. In the last 2 years, BNP Paribas has seen a great deal of development and growth in the UK and moving forward we see the MTF space as an important new client segment for the bank.
