The Trade News - Working for the buy-side

Deutsche Börse cuts block trading costs with mid-point matching

BenDyson — Fri, 21 Nov 2008 16:46:24 +0000

Deutsche Börse, the German exchange group, has introduced a new function on its closed order book that offers automatic order execution at the mid-point of the bid/ask spread.

New US clearers could face frosty reception - Tabb

BenDyson — Fri, 21 Nov 2008 16:34:46 +0000

New equity clearing facilities launching in the US to compete with the National Securities Clearing Corporation (NSCC) will have their work cut out to win over market participants, according to a new report from research firm Tabb Group.

TNS signs deals with Turquoise and the Taiwan Stock Exchange

BenDyson — Fri, 21 Nov 2008 09:16:48 +0000

Transaction Network Services (TNS), a market data and connectivity provider, has added Turquoise, the pan-European trading platform, to its expanding portfolio of trading venues and established a market data connection to the Taiwan Stock Exchange (TWSE).

UPDATE: New Chi-X Asia-Pacific CEO targets 2009 launches

BenDyson — Thu, 20 Nov 2008 13:41:57 +0000

The new CEO of Chi-X Asia-Pacific, Joe Marchal, hopes to establish trading platforms in four new markets in the region before the end of next year.

Euroclear to acquire Xtrakter from ICMA

BenDyson — Thu, 20 Nov 2008 13:40:04 +0000

European settlement provider Euroclear is to buy 100% of Xtrakter, a provider of trade matching and market data services, from the International Capital Market Association (ICMA) for an undisclosed sum.

GL Trade supports international investors in Mexico

BenDyson — Thu, 20 Nov 2008 12:12:24 +0000

GL Trade, a financial technology solutions provider, has implemented its GL Net connectivity hub in Mexico City to support low-latency access to Mexico’s two main exchanges, the Bolsa Mexicana de Valores (BMV) and the Mercado Mexicano de Derivados (MexDer).

New Orc CameronFIX version improves FAST and FIX monitoring

BenDyson — Thu, 20 Nov 2008 09:28:32 +0000

Orc Software, a derivatives trading and connectivity technology provider, has released Orc CameronFIX Version 6.3.1.

Nasdaq OMX aims to bring Baltic markets closer to Europe

BenDyson — Wed, 19 Nov 2008 13:51:05 +0000

Global exchange group Nasdaq OMX is to extend its trading hours for all asset classes on its Baltic exchanges, in a bid to generate greater trading activity and attract more foreign investors.

PLUS and Direct Edge sign MoU

BenDyson — Wed, 19 Nov 2008 13:35:46 +0000

UK exchange operator PLUS Markets Group and US equities trading platform Direct Edge have signed a memorandum of understanding to cooperate on opportunities relating to the listing and trading of equities in the United States, United Kingdom and European Union.

Bloomberg Tradebook launches FX trading platform

BenDyson — Wed, 19 Nov 2008 13:33:01 +0000

Bloomberg Tradebook, an agency broker, has launched an electronic foreign exchange (FX) trading platform on the Bloomberg Professional service.