FSA’s shorting disclosure regime ‘a perfect compromise’

The UK Financial Services Authority (FSA)’s decision last week to lift its ban on short-selling UK financial stocks but extend its disclosure requirements strikes the right balance between regulatory control and preservation of a vital market function, according to Arturo Bris, professor of finance at the Institute for Management Development (IMD), a Swiss business school.

Fidessa adds Brazilian bank to global network

Trading technology provider Fidessa has expanded into Latin America by adding Brazilian investment bank Planner Corretora De Valores to its global network of buy- and sell-side firms.

Turquoise gets go-ahead for dark order types

Turquoise, an investment bank-backed multilateral trading facility (MTF is now offering dark order types in its non-displayed order book, following consultation with UK regulator the Financial Services Authority (FSA).

Tora Compass provides access to Merrill Lynch dark pool

Buy-side clients of Tora Compass, an electronic trading platform for Asia, are now able to gain direct access to Merrill Lynch’s liquidity pool MLXN. The pool recently added access to liquidity for Hong Kong and Japan, and offers complete anonymity and full automation.

Chi-X reports “challenging” end to 2008

Chi-X, a pan-European equity multilateral trading facility, recorded a drop in trading activity during the last quarter of 2008, citing tough market conditions.

AboveNet supports high-speed connectivity for BATS Europe

AboveNet Communications, a fibre optic connectivity solutions provider, has installed a private managed Ethernet network for BATS Europe, the London-based pan-European multilateral trading facility.