Credit Suisse’s Advanced Execution Services (AES) unit, the investment bank’s electronic trading division, has rolled out direct market access and algorithmic tools to five new countries.
Dark pool growth will accelerate, particularly in Europe and Asia, in 2009, according to a global survey of investors by non-displayed equities trading venue Liquidnet.
Trading software provider NYFIX has integrated NYFIX ioinet, its indications of interest tool, with Marquee, a real-time news and quotes platform from financial data and software firm FactSet Research Systems.
Nasdaq OMX Europe, a pan-European multilateral trading facility (MTF), has unveiled a maker-taker price promotion for trading NYSE Euronext securities on its platform. The promotion is effective from 1 May until further notice.
US broker Knight Capital has launched a range of agency algorithmic trading and smart order execution strategies developed specifically for the European equity markets.
German exchange group Deutsche Börse has unveiled plans to launch Xetra International Market, a service for trading pan-European equities, in the fourth quarter of 2009.
Two former equity trading executives from bulge-bracket brokers are to head specialist Asian agency broker and technology provider Tora Trading’s newly-formed liquidity services business.
The decline in equity trading activity since September last year is challenging the low-cost, high-volume business models of Europe’s new multilateral trading facilities (MTFs), prompting observers to suggest the platforms should focus on differentiators other than price to survive.
Exchange group Nasdaq OMX has introduced a new pricing structure for trading in US equities in a bid to maintain market share against stiff competition.