NYSE Euronext, the transatlantic exchange group, will on Tuesday step up its efforts to become a one-stop shop for US equity trading in the face of mounting competition by announcing a partnership with Progress Software, a company specialising in advanced trading technology.

The partnership will allow traders to use NYSE Euronext as a gateway to other trading venues. The move comes as exchanges realise that in order to remain competitive they must address the fragmentation that is raising concerns among traders. It is designed to attract more sophisticated investors such as hedge funds.