Agency broker Bloomberg Tradebook has enhanced six of its low-touch algorithms to enable them to deal more effectively with volume spikes on so-called special quote (SQ) days in Japan.
Derivix, a provider of options analytics ad pricing tools, is to offer its clients access to the derivatives execution and routing technologies of LiquidPoint, the options division of agency brokerage BNY ConvergEx.
Derivatives trading technology provider Patsystems is offering connectivity to the South African Futures Exchange (SAFEX) in partnership with securities trading and brokerage firm Applied Derivatives.
Financial data provider Markit and US post-trade utility the Depository Trust and Clearing Corporation (DTCC) will launch MarkitSERV, a joint-venture company providing trade confirmation for over-the-counter (OTC) derivatives, on 1 September.
The Boston Options Exchange (BOX) plans to shift to maker-taker pricing for options classes outside the US penny-pilot scheme from 3 August, despite once being an opponent of the fee model. The exchange already uses maker-taker pricing for penny-pilot options.
Bank of America Merrill Lynch has added four new US options algorithms to its electronic trading platform to complement its existing options and stock specific strategies.
There was a flurry of progress in the central clearing of credit default swaps (CDS) at the end of last week, as two firms announced launch dates for their European CDS solutions and one company revealed plans to launch a buy-side-tailored CDS clearing service.
Technology will be the most significant driver for growth in the US options market, as market-makers start to rely more heavily on automated black-box strategies, according to new research from consultancy TABB Group.
The London Stock Exchange (LSE)’s decision in April to abandon plans to start trading contracts for difference (CFDs) on its order book highlights the difficulties investors face in converting an over-the-counter (OTC) product into an exchange-traded instrument, according to a new report from research and consulting firm TABB Group.