Borsa Italiana's derivatives market, IDEM, has become the latest London Stock Exchange Group venue to migrate to the TMX SOLA trading system, which was developed by Montréal Exchange, TMX Group's derivatives exchange.
Deutsche Börse has purchased a minority stake in Paris-based trading software and consulting firm Investors Derivatives solutions, in a move to increase pre-trade transparency for institutional investors.
The Dodd-Frank Act created the concept of the swap execution facility for trading OTC derivatives in the US, but more clarity is required on how this will impact buy-side trading.
Mexican derivatives exchange MexDer has chosen trading technology firm RTS Realtime Systems Group to provide the technology solution for the venue's imminent 'south to north' order routing agreement with the Chicago Mercantile Exchange.
Canadian exchange group TMX is planning to open an office in London in early 2011, as part of a drive to build up its presence in the UK and European markets across financial services and exchanges in the equities, derivatives, data, energy and fixed-income markets.
Exchange group NYSE Euronext has admitted the first software vendor into its data centre based in Basildon, UK, mirroring a move by the London Stock Exchange in October.
The security of trading OTC derivatives via exchanges and central counterparties could increase buy-side use, but equally the additional costs needed to make the model work may prove prohibitive.
ABN AMRO Clearing will expand its centralised OTC Derivatives Clearing Service offering to include central clearing of over-the-counter interest rate swaps from the beginning of December.