Eurex, the derivatives exchange operated by Deutsche Borse, is to launch an incentive program designed to increase the volumes of proprietary and algorithmic trading done by its clients. Due to be launched on 1 February 2007, the program will include volume discounts for exchange-based transactions in key Eurex product groups.

Fund management firms are finding it hard to measure the true cost of compliance with the Markets in Financial Instruments Directive (MiFID) issued by the European Union, say fund management consultants Investit.

Reuters is attempting to take news-driven trading to a new level by tagging news items so that they can be read by computers and fed into automated trading programmes. Reuters NewsScope Real-time will let Reuters clients use Reuters live news content to drive automated trading and respond to market-moving events as t

The Board of the London Stock Exchange Group plc yesterday published its formal rejection of Nasdaq's final order. The Board rejected the offer because its members felt it substantially undervalued the Exchange. "The transatlantic deal between the New York Stock Exchange and Euronext has meant that Nasdaq is under pr

FutureTrade, a provider of integrated electronic equity, option and algorithmic trading services, announced the release of its Version 4.0 trading platform yesterday. Version 4.0 includes direct access to international equity markets and improved integration of equity and options trading facilities. "Our clients have

The International Securities Exchange (ISE) announced yesterday that the launch of its fully displayed stock market on Friday, December 8, was successful. The ISE Stock Exchange is a completely automated market place that offers high-speed order execution capabilities, neutral access rules and integrated access to bot

The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data revealed that 74% of operators of electronic trading systems for fixed income securities witnessed an increase in trading v

New York-based Global Electronic Markets (GEM) has licensed the trade comparison component fof its FpML Mediator software to T-Zero, the credit derivatives trade affirmation platform. The integration of the software will enable T-Zero's buy-side clients to perform trading activities such as assignments and early term

Hennessee Group says the hedge fund index it maintains was up 1.84% in November, and 10.06% in the year to date, which kept it ahead of the Dow Jones Industrial Average, which was up 1.17% (+14.04% YTD), and the NASDAQ Composite Index, which climbed 2.75% (+10.26% YTD). Bonds also gained in November, as the Lehman Bro

The Managed Funds Association (MFA), the trade association for US hedge funds, has pledged its support for the recommendations on equity derivatives practices set out by a group of 17 US broker dealers in a letter of 21 November to the Federal Reserve Bank of New York and other US securities and derivatives markets re