Half of buy-side plan to change trading systems

Nearly half of buy-side firms across Europe and the US are considering changing their OMS and EMS trading platforms, according to a study by research firm TABB Group.

US clearing competition would be backward step – DTCC

Competition in the US equities clearing market could introduce both risk and cost to post-trade processes, according to Stuart Goldstein, managing director, corporate communications at The Depository Trust & Clearing Corporation (DTCC), the US’s central clearing provider.

CCP for UK stock lending and borrowing expected in Q3

SecFinex, an electronic trading platform for securities lending owned by exchange group NYSE Euronext, has teamed up with EuroCCP, a European post-trade service provider owned by US clearing house DTCC, to launch central counterparty (CCP) services for stock borrowing and lending across SecFinex’s UK Order Market.

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).