Americas

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 »

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 »

US-based Chicago Board Options Exchange plans to open an all-electronic trading venue, C2 Options Exchange, in late October 2010. read more »

US options exchange the International Securities Exchange is expanding its modified maker-taker pricing programme to cover 100 instruments. read more »

Buy-side traders have heightened their scrutiny of order activity in broker dark pools in Europe and the US, but clearer guidelines from regulators may also improve transparency. read more »

A patent awarded to risk management and surveillance technology provider FTEN could stave off a US$6 billion-plus regulatory burden on the US securities industry, the firm claims. read more »

ISI Group, a US-based broker-dealer and research provider, has signed a sponsorship agreement with dark alternative trading system operator BIDS Trading. read more »

The Commodity Futures Trading Commission has issued a no-action letter which permits the offer and sale of a futures contract based on Turkey’s blue-chip stock index. read more »

Electronic trading and agency-only brokerage firm Instinet has announced the introduction of US-listed futures and options functionality on its Newport 3 execution management system. read more »

Market centre operator BATS Global Markets has got the go-ahead from US regulator the Securities and Exchange Commission to launch a second equities exchange. read more »