Galaxy has received permission to run its organized multilateral trading facility (MTF) for European bonds, Finextra reports. It received approval from the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel (ACP).
The bond trading platform aggregates the orders it receives in a global order book with prices accessible to all participants. LCH.Clearnet handles the clearing of securities traded on the platform, with links to major international central security depositories and/or European national central security depositories for settlement and delivery.
Click here for the story from Finextra.