High-frequency trading firms and other proprietary houses are continuing to ramp up their activity on European exchanges, as they resist the tough trading conditions and regulatory headwinds facing the broader financial industry.
Today, Meff, the Spanish financial and energy derivatives exchange, admitted two proprietary trading firms, Susquehanna and Spire X Trading LLC as members. It comes after Susquehanna, a US-based trading firm, announced last week it had joined the Oslo Börs, the Norwegian exchange.