News Archive

There is a growing desire for trading off-exchange among buy-side traders in Asia’s key markets, according to Cameron Field, managing director, Asia Pacific, at trading technology firm Charles River Development.

Market makers are more effective than electronic order books in delivering price improvement on Nasdaq-listed stocks, according to a new report by financial research and consulting firm Celent.

GL TRADE, a trading solutions provider, has introduced a single point of connectivity to multilateral trading facility (MTF) Equiduct Trading, and has plans to link to other “significant” new European venues as they launch.

Poland’s Warsaw Stock Exchange (WSE) recorded Europe’s fourth-highest trading volume in index futures contracts, both for the month of June and across the first half of this year, according to figures compiled by the exchange and the Federation of European Securities Exchanges.

NYSE Arca’s decision last week to raise the fee for taking liquidity in its tier-one penny pilot options has prompted a negative reaction from options traders, according to Tony Saliba, president and CEO of LiquidPoint, the options division of agency broker BNY ConvergEx.

Turquoise, a pan-European multilateral trading facility scheduled for launch in August, will report trades executed in its non-displayed order book on its own dedicated facility, rather than using an external trade-reporting mechanism such as Markit BOAT.

PLUS Markets Group (PMG), a London-based trading venue for small- and mid-cap stocks, is introducing two new enhancements to its service, aimed at attracting institutional order flow.

Two more firms have established links to Turquoise, a pan-European multilateral trading facility due to go live in August.

A malfunction in the Tokyo Stock Exchange’s derivatives system, which disrupted trading for almost three hours on Tuesday, was caused by a software problem introduced during an upgrade over the weekend, according to a spokesman for the exchange.

Hedge funds are seeking more direct connectivity to execution venues as their search for alpha intensifies, according to Isabel Schauerte, an analyst in the securities and investments group at consulting firm Celent.