Equities

Market still needs electronic trading staff despite lay-offs

Although many buy- and sell-side firms are cutting jobs, there is still steady demand for electronic trading expertise, according to Marcus Newman, director and specialist in the electronic, algorithmic and program trading markets at recruitment firm Riversdale Consulting.

Neonet abandons talks with “counterparty”

Neonet, a Swedish-based agency brokerage and technology provider, has called off cooperation talks with a “counterparty”, widely believed to be German stock exchange group Deutsche Börse.

Incentives boost Euro Millennium volumes

The value of trades matched on NYFIX Euro Millennium rocketed to more than EUR 1 billion in December from around EUR 178 million in November, following a series of initiatives to boost activity in the European dark crossing network.

Consolidated tape stifled by incumbent exchanges

The market data policies of Europe’s incumbent exchanges “go against the spirit of MiFID provisions”, according to a letter from Equiduct Trading joint-CEO Artur Fischer sent to the Committee of European Securities Regulators (CESR).

Lee Hodgkinson to quit SIX Swiss Exchange in April

Lee Hodgkinson, CEO of UK-based exchange SWX Europe, head of the client and product management division and member of the management committee at SIX Swiss Exchange, SWX’s parent firm, is to leave the organisation at the end of April to pursue a new challenge.

Neonet links to Mexican Stock Exchange

Neonet, an agency brokerage and trading technology provider, is now offering trading access to the Mexican Stock Exchange – the broker's first foray into Latin America.

PLUS attracts institutional brokers

Three large institutional brokers – Merrill Lynch, JP Morgan Cazenove and BNP Paribas – have joined UK small- and mid-cap stock exchange PLUS Markets and connected to its trading platform.

BATS Europe cuts latency via sponsored access

BATS Europe, the multilateral trading facility that entered the European market in October 2008, has confirmed it will offer sponsored access from 30 January 2009.

Equiduct aims for Q1 launch despite setbacks

Equiduct Trading, a recognised investment exchange owned by Börse Berlin, has pushed back its launch because members are not yet ready to trade.