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.
Trading systems provider Flextrade has connected the smart order routing function of its FlexTRADER execution management system (EMS) to Alpha ATS, the Canadian alternative trading platform that went live on 7 November.
The Korea Exchange (KRX) has signed a memorandum of understanding (MoU) with the Bank of Laos to create a joint venture that will establish a stock market and supervisory authority in Laos by October 2010.
The rule book for AIM Italia, Borsa Italiana’s answer to the London Stock Exchange’s AIM market for small- and mid-cap stocks, became effective today, bringing the new market closer to launch.