Regions Archive

May 24, 2013

ConvergEx upgrade reduces latency for Millennium ATS

Brokerage and trading services provider ConvergEx has upgraded the infrastructure behind its US alternative trading system Millennium ATS, claiming to have reduced latency by 75%. read more>

May 24, 2013

ISDA casts doubt on SEF quote rules

The International Swaps and Derivatives Association has voiced disagreement with recent rules that dictate a minimum number of quotes market participants must seek when trading on new swap execution facilities. read more>

May 24, 2013

Irish bid to break MiFID II interoperability stalemate

The Irish Presidency of the Council of the European Union has put forward new compromises for MiFID II and its attendant regulation to resolve differences between member states on permitting interoperability between derivatives trading venues and clearing venues. read more>

May 23, 2013

Chi-X Australia breaches AU$1 billion daily traded mark

Alternative trading venue Chi-X Australia today traded in excess of AU$1 billion for the first time, as it maintains a consistent share of local equities trading. read more>

May 23, 2013

ITG extends POSIT suite to Singapore

Execution and research broker ITG has extended the reach of its POSIT suite of crossing and aggregation tools to Singapore. read more>

May 22, 2013

Small investors at greater risk as institutions grow in Shenzhen

The Shenzhen Stock Exchange published a study on 15 May 2013 that analyses the behavioural change of investors in the Shenzhen market. It shows the continued heavy participation by retail investors, even as institutional investment accumulates more of the free-float. read more>

May 22, 2013

ASIC rule changes may shrink Australian dark pools

ASIC rule changes may shrink Australian dark pools

Changes to rules governing dark pools in Australia on 26 May may prompt a shift of equity market liquidity back onto lit trading venues, but mid-point crossing services are expected to thrive. read more>

May 22, 2013

Interoperable Traiana OTC initiative boost for banks and brokers

An extension of post-trade matching service Traiana that sends OTC equity trades through central counterparties will cut bilateral equity trade settlement fees for brokers and banks, and will have a muted impact on greater interoperability for cash equities in Europe. read more>

May 21, 2013

Mini crash fuels calls for market structure overhaul

Mini crash fuels calls for market structure overhaul

A 'mini flash crash' that wiped out the value of a US stock has again suggested US market structure distress, days after a roundtable saw captains of the finance industry agree that regulators should be careful not to interfere with a well-functioning system. read more>

May 21, 2013

Buy-side firms concerned over sales trader knowledge

Over half of asset managers do not agree that sales traders understand their business and how they generate alpha, according to research from US consultancy Woodbine Associates. read more>