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India's Bombay Stock Exchange has received an 'in principle' approval from regulator the Securities and Exchange Board of India to launch SME Exchange, which will list at small and medium enterprises. read more>
India may be catching up with established Asian markets in its adoption of electronic trading tools but many of the country's buy-side firms continue to prefer more traditional techniques, according to a new report by research group Celent. read more>
A 1:10 reverse split of Citigroup stock on Friday 6 May, which reduced the number of outstanding shares by a factor of 10 while increasing the stock price by the same multiple, could lead to a near 5% reduction in liquidity on the US market. read more>
Canadian alternative trading system operator Alpha Group expects to become an exchange by Q4 2011 and aims to challenge the listings dominance of the TMX Group, following its regulatory filing last month. read more>
Bank of America Merrill Lynch has appointed Andy Hunter as the firm's new head of Japan equities, replacing Mark Wheatley, who left in March. read more>
Post-trade processing firm Omgeo says its Central Trade Manager platform, used for the central matching of cross-border and non-US domestic equity and fixed income transactions, has seen 40% year-on-year growth in clients for Q1 2011. read more>
Chi-X Europe, the operator of a pan-European multilateral trading facility, has announced the departure of chief financial officer Kevin O'Keefe, as it looks to reshape its management team after being bought by BATS Global Markets read more>
Burgundy, a Nordic-focused exchange, has reported that almost 50% of trading in Swedish equities was transacted away from domestic exchange Nasdaq OMX Nordic in March. read more>
Accessing scarce liquidity in the Indonesian and Philippine equity markets is a constant challenge for institutional investors, but the increasing availability of algorithmic trading solutions should soon result in better execution quality, brokers say. read more>
Declining volumes and fee reductions contributed to a €16.3 million fall in 2010 equity clearing revenues at LCH.Clearnet, but the Anglo-French central counterparty hopes that progress towards post-trade interoperability in Europe could reverse the trend. read more>
