NYSE Euronext has rolled out new membership category service across its European cash equities markets, Financial Times reports. The “supplementary liquidity provider” (SLP) scheme allows traders commit to providing prices at certain times in a day in return for cheaper transaction fees. The new offering by NYSE Euronext is similar to the direct market maker (DMM) program run by the New York Stock Exchange. Euronext is also seeking to offer a similar service to Equiduct, a new platform that specializes in attracting orders from medium-sized brokers in Europe with a retail investor customer base.
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