Operations & Technology Archive

Seasonal variations saw European equity trading volumes plummet to their lowest level in 24 months in December 2011. But trading surpassed the €10 trillion mark annually for the first time since the onset of the financial crisis at the end of 2008. read more>

A group of IT infrastructure vendors has come together to create a FIX Protocol solution aimed at latency-sensitive traders. read more>

SIX x-clear, the clearing house operated by Swiss market infrastructure provider SIX Securities Services, has signed a memorandum of understanding with the Prague Stock Exchange to become the international clearing house for the Czech cash equity market. read more>

Citi has appointed Reto Faber as head of direct custody and clearing in Europe, the Middle East and Africa. read more>

Plans by the London Stock Exchange to open a trade repository for OTC derivatives suggest intensifying competition between infrastructure providers ahead of new swap clearing requirements, but indemnification disputes have also prompted fears of equity-style data fragmentation. read more>

Paul Winchester has been appointed as head of exchange-traded derivatives and OTC clearing sales within the State Street Global Markets business, based in London. He reports into Steve Winter, global head of futures and OTC clearing. ?? read more>

NYSE Euronext’s commercial technology division, NYSE Technologies, has opened its latest Liquidity Centre in Tokyo, adding the Japanese market to its global network. read more>

BNP Paribas Securities Services has appointed Nobuya Shida as head of securities services in Japan. Shida joins BNP Paribas from Brown Brothers Harriman Japan, where he was most recently senior vice president and head of relationship management. read more>

The Johannesburg Stock Exchange has established a point-of-presence (PoP) at a UK data centre with low-latency service provider Fixnetix, facilitating access to its bourse for non-domestic market participants. read more>

Most buy-side firms now prefer to use just two or three different execution management systems – a much lower number than previously, according to a new report from Boston-based financial consultancy Celent. read more>