Equities

LSE and Tokyo growth market moves forward

The London Stock Exchange (LSE) and Tokyo Stock Exchange (TSE) have taken another step toward establishing their joint venture TOKYO AIM, a new market for growing companies in Japan and Asia.

Instinet enhances Australian post-trade capabilities

Instinet, a global agency-brokerage owned by Nomura Holdings, has secured membership on the ASX Settlement and Transfer Corporation (ASTC), the settlement processing facility of the Australian Securities Exchange (ASX).

SmartPool gets FSA approval to launch on 2 February

Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, has received approval from the UK Financial Services Authority (FSA) to launch on 2 February as planned.

US broker sees greater buy-side interest in LatAm stocks

US agency brokerage Auerbach Grayson, a specialist in emerging markets research and trade execution services, has extended its network to enable institutional clients to take advantage of growing opportunities in Latin America’s smaller markets.

Chi-X extends Spanish market hours

Chi-X, a pan-European multilateral trading facility (MTF), will prolong its market hours for the Spanish markets by 30 minutes to close at 16.00 UK local time from 2 February.

Quadriserv and Eurex Clearing to launch securities lending CCP

Quadriserv, a North American provider of securities lending services, and Eurex Clearing, the post-trade division of European derivatives exchange Eurex, have joined forces to provide central counterparty (CCP) clearing and settlement services for securities lending of European equities.

UK broker expands buy-side offering with Fidessa tools

Collins Stewart, an independent UK investment bank, has gone live with the full suite of trading tools from Fidessa, a provider of trading, market data and global connectivity solutions.

Broker OTC venues create uneven playing field, say exchanges

Broker-owned crossing engines have gained an unfair competitive advantage over traditional exchanges, according to exchange groups’ responses to a call by the Committee of European Securities Regulators (CESR) for evidence on MiFID’s impact on Europe’s secondary markets.

Nasdaq OMX Europe expands routing capabilities

Nasdaq OMX Europe, an exchange-backed multilateral trading facility, has introduced a new onward routing strategy, reinforcing the value of redirecting trades to its business model.

Reliance Globalcom provides low-latency connectivity to MTFs

Reliance Globalcom, a managed network and application delivery services provider, has connected its ethernet-based financial extranet FinancialConnect! to multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe and BATS Europe.