Equities

SGX to implement high-speed access platform

Singapore Exchange (SGX) is planning to launch two new systems on 27 April that will grant users faster access to its securities trading and market data services.

Chi-X Canada adds venues to router

Chi-X Canada, an alternative trading system (ATS) for equities listed on the Toronto Stock Exchange (TSX), has added new destinations to its proprietary smart order router.

Burgundy opts for tiered maker-taker pricing

Burgundy, a pan-Nordic multilateral trading facility backed by 14 of the region’s financial firms, has set its full launch date for 4 June and revealed details of its pricing schedule.

Financial crisis scuppers LSE’s CFD plans

The London Stock Exchange (LSE) has abandoned its plans to introduce contracts for difference (CFD) trading on its order book because of the current economic climate.

Direct Edge hits out at US short-selling rule proposals

US equities trading platform Direct Edge has criticised calls for a “modified uptick rule” to prevent abusive short-selling of US equities, arguing that such restrictions could limit liquidity and create greater selling pressure in a falling market.

Tradeweb launches Smart IOI technology for equities

Tradeweb, a provider of trading platforms and technology, has launched Smart IOI, a tool for sending targeted indications of interest (IOIs) to buy-side traders for equity trades.

BATS offers members tighter sponsored access control

BATS Exchange, a US trading venue that gained exchange status last November, has added new real-time tools to give its members more control over the sponsored access capabilities they grant to their clients.

Buy-side faces aggravation over dark pool aggregation

The ability to stitch together the liquidity residing in both public dark pools and brokers’ internal crossing engines is high on many European buy-side traders’ wish lists. But while some trading venues are responding by establishing dark pool aggregation services, regulatory and commercial hurdles could hamper progress.

LSE in u-turn over routing fee

The London Stock Exchange (LSE) has scrapped a controversial routing fee it was charging other venues for sending trades to its order book, less than five months after it was introduced.