Operations & Technology
GL TRADE to follow Equiduct link with further MTF deals
Published on July 24, 2008.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.
Turquoise to report its own dark trades
Published on July 24, 2008.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 gears new offerings towards institutional investors
Published on July 23, 2008.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.
Merrill Lynch sees record order execution on Chi-X
Published on July 22, 2008.Investment bank Merrill Lynch executed in excess of one hundred million shares through its smart order router on pan-European multilateral trading facility Chi-X Europe on 17 July 2008.
GL Trade’s Chinese hub supports market data, DMA services
Published on July 22, 2008.GL TRADE, a trading and connectivity solutions provider, has opened a Shanghai-based data centre to support its market data services and direct market access to A and B shares listed on China’s Shanghai and Shenzhen stock exchanges.
Charles River IMS to expand algo programme
Published on July 21, 2008.Trading technology firm Charles River Development is planning to integrate its Investment Management System (IMS) with several more brokers’ algorithmic offerings over the next two months, following last week’s connection to Canadian broker CIBC World Markets’ inter-listed Canadian algorithms.
CSA use surges in US equities market - Greenwich
Published on July 18, 2008.US institutions’ use of commission sharing arrangements (CSAs) with their equity brokers increased sharply in 2007-2008, according to new research by consulting firm Greenwich Associates.
BOAT sees fall in post-trade reporting - Reuters
Published on July 18, 2008.New post-trade reporting figures published by Reuters show a “correction back in favour of the incumbent exchanges”.
LIFFE upgrades connectivity, launches co-location facility
Published on July 18, 2008.LIFFE, the global derivatives arm of NYSE Euronext, has improved latency and upgraded capacity on its trading platform.
TARGET2-Securities gets go-ahead
Published on July 17, 2008.TARGET2-Securities (T2S), the project to build a single settlement engine for all European securities transactions, has been given the green light by the European Central Bank.
