The short-selling ban on 34 UK financial stocks, imposed by the Financial Services Authority (FSA) on 18 September last year, resulted in a “statistically significant deterioration in liquidity” in the 15 FTSE 100 shares affected by the restrictions, according to a study commissioned by the London Stock Exchange (LSE).
The UK’s Financial Services Authority (FSA) has confirmed its plans to lift a ban on the short-selling of UK financial stocks on 16 January – the expiry date originally given when restrictions were imposed on 18 September last year.
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has modified its onward routing fee structure for the third time since its launch last September and has added new trading venues to the service.
Data provider Thomson Reuters has released a beta version of an ultra low-latency direct data feed for NYSE Euronext’s Universal Trading Platform (UTP), the exchange group’s single point of access to its cash and derivatives trading platforms.
While some buy-side traders have grasped the importance of smart order routing (SOR), others still have some work to do, according to Jerry Lees, head of alternative execution at agency broker CA Cheuvreux.
The Chilean Stock Exchange aims to benefit from faster transactions and better communication with other exchanges worldwide after signing a deal with IBM, the US technology and consulting firm, for a new securities trading platform.
The UK Investment Management Association (IMA) has written to the Financial Services Authority (FSA), urging the regulator to address the weaknesses in London’s cash equity market exposed by the collapse of Lehman Brothers.
Markit, a market data provider, has launched Markit MSA, a service that ranks brokers by their European equity trading activity, both on and off order book.
Credit Suisse Advanced Execution Services (AES), the bank’s algorithmic trading arm, is expected to escape much of the impact of plans to axe 5,300 jobs.
US buy-side firms directed more order flow to sell-side brokers’ sales traders in response to recent equity market volatility, a new Tabb Group report claims.