Regions

Quote MTF finalises rollout plans, offers price promotion

Pan-European multilateral trading facility Quote MTF plans to extend its product coverage to more than 1,350 of the most liquid securities and exchange-traded funds at the end of September 2010. read more »

FSA outage proposals may not overcome buy-side caution

New procedures for handling exchange outages proposed by the UK’s Financial Services Authority have been broadly welcomed, but cautious buy-side firms may still be reluctant to redirect their trading flow to multilateral trading facilities in the event of a market failure. read more »

Circuit breakers will not stop another ‘flash crash’

Mary Schapiro, SEC

Recently installed circuit breakers by trading venues at the behest the Securities and Exchange Commission will not be sufficient to prevent another 6 May-style ‘flash crash’, according to a white paper from US agency brokerage Jones Trading. read more »

BATS unleashes new smart order routing schemes

European multilateral trading facility BATS Europe has released details of two new smart order routing strategies, Parallel D and Parallel 2D, which aim to achieve best price and fastest execution respectively. read more »

SGX appoints new chairman, continues derivatives growth

Singapore Exchange chairman J Y Pillay will step down on 31 December 2010 and will be succeeded by Chew Choon Seng in the new year. read more »

Options IT offers low-latency connection to ASX

Options IT, a technology, infrastructure and connectivity provider, has added the Australian Securities Exchange (ASX) to the destinations that its hedge fund, prop trading and broker-dealer clients can access via its PIPE Velocity ultra-low-latency market connectivity service. read more »

Cohen replaces Lowrey as head of Chi-X Global

Tal Cohen, Chi-X Global

Chi-X Global, a trading venue operator and exchange technology provider, has confirmed that chief executive John Lowrey has taken a new role, with his position being filled by Tal Cohen, previously head of Chi-X Americas. read more »

EC to adopt derivatives and short selling proposals on 15 September

The European Commission will propose new legislative measures on derivatives, including credit default swaps, and short selling on Wednesday 15 September. read more »

New era for Qatar Exchange

Middle Eastern trading venue the Qatar Exchange has migrated cash equities trading to global exchange group NYSE Euronext’s Universal Trading Platform as part of an ongoing drive to transform Doha into a major global financial centre. read more »

Brazil beats BRIC rivals in buy-side connectivity battle – The TRADE Poll

Alice Botis, Fidessa

Brazil has topped the August poll on theTRADEnews.com as the BRIC market for which there is most buy-side demand for better connectivity. read more »

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