Exchanges
Nasdaq market makers delivering better price improvement - Celent
Published on July 25, 2008.Market makers are more effective than electronic order books in delivering price improvement on Nasdaq-listed stocks, according to a new report by financial research and consulting firm Celent.
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.
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.
Instinet, ULLINK establish Turquoise connectivity
Published on July 23, 2008.Two more firms have established links to Turquoise, a pan-European multilateral trading facility due to go live in August.
Software bug caused Tuesday’s TSE outage
Published on July 23, 2008.A malfunction in the Tokyo Stock Exchange’s derivatives system, which disrupted trading for almost three hours on Tuesday, was caused by a software problem introduced during an upgrade over the weekend, according to a spokesman for the exchange.
Low latency numbers ‘marketing hype’ - NET2S
Published on July 22, 2008.The scramble by exchanges, brokers and vendors to achieve ever lower network latency numbers is little more than a marketing exercise, according to Frédéric Ponzo, managing director of business and technology consultancy NET2S.
UPDATE: New Swiss dark pool responds to demand for neutrality
Published on July 21, 2008.SWX Swiss Block, the new non-displayed liquidity source for Swiss equities, will offer users “complete neutrality”, according to Lee Hodgkinson, CEO, SWX Europe.
First sell-side clients sign up to SWX Swiss Block
Published on July 21, 2008.SWX Europe, a London-based equities trading venue owned by SWX Swiss Exchange, has signed up eleven brokers to its non-displayed liquidity service for Swiss equities.
Stay two steps ahead of members’ expectations, exchanges told
Published on July 21, 2008.Technological advances remain a definitive factor in keeping exchanges ahead of their rivals, according to a study published Cisco Internet Business Solutions Group (IBSG), the global strategic consulting arm of network technology provider Cisco.
Ukraine stake supports Warsaw exchange’s growth strategy
Published on July 18, 2008.The Warsaw Stock Exchange (WSE) has set out its plans for further expansion, after becoming a shareholder of the Ukraine exchange, INNEX.
