Derivatives

BM&F Bovespa, the multi-asset-class Brazilian exchange, has selected technology firm SunGard as its fourth provider of direct market access (DMA).

ConvergEx, an agency broker and trading technology provider, has integrated access to the latest options execution and routing technologies from its LiquidPoint derivatives broking subsidiary into its Eze OMS order management system.

NYSE Liffe US, the North American futures exchange operated by exchange group NYSE Euronext, has sold minority stakes in its platform to six banks and market makers.

Agency broker Bloomberg Tradebook has released MTRX, an algorithm and supporting functionality for risk-based spread trading in the futures markets.

US-based agency broker Knight Capital Group has made a raft of new hires to strengthen its institutional options sales and trading teams.

US equities bourse BATS Exchange has unveiled the price schedule for its new options platform, BATS Options, scheduled for launch on 26 February.

Nasdaq Dubai, a stock exchange operating in the Dubai International Financial Centre (DIFC), has admitted brokerage SHUAA Securities to trade on its equity derivatives market.

Major US broker-dealers must move towards automated front-to-back solutions for over-the-counter (OTC) interest rate derivatives to fully embrace imminent regulatory changes proposed by Congress, according to new research from consulting firm TABB Group.

European central counterparty clearers LCH.Clearnet Limited and SIX x-clear have published a summary of their linking agreement, which came into force in December 2008, as a template for interoperability between other clearing houses in the continent.

Pan-European central counterparty EuroCCP will start offering clearing services for exchange-traded currencies (ETCs) from 5 February, with multilateral trading facility Turquoise the first to take advantage.