Smartpool, a European non-displayed trading venue operated by exchange group NYSE Euronext, will start trading on 2 February 2009, subject to approval by the Financial Services Authority (FSA).
Buy-side traders are struggling to align their execution capabilities with the objectives of portfolio managers because of the single-stock focus of trading tools and execution venues, according to a new report from research and consulting firm TABB Group.
Chi-X, Turquoise and Nasdaq OMX Europe, three pan-European multilateral trading facilities (MTFs), are launching trading services in Spanish stocks which are expected to considerably reduce trading costs.
In its Q3 trading statement, the London Stock Exchange (LSE) reported lower equity trading activity in January, adding that “market conditions remain very difficult and uncertain” for the rest of the exchange group’s financial year.
Rival US equity trading venues are eroding exchange group Nasdaq’s trading market share of the stocks it lists, according to a new study by research consultancy Celent.
Trading solutions provider NYFIX has relaunched ioinet, the indications of interest (IOI) tool acquired by the firm last year when it purchased FIX solutions vendor FIXCITY.
The expected contraction of the hedge fund industry could lead to a liquidity drought in the equity markets, according to Ana Avramovic, portfolio strategist at Credit Suisse.
The Australian Securities & Investments Commission (ASIC), Australia’s securities regulator, has extended its ban on covered short-selling of the country’s financial stocks until 6 March because of recent increased volatility in overseas banking stocks, including the UK and US.
US institutional brokerage Concept Capital has hired Robert E. Moore, a former Citigroup executive, as managing director and head of its global institutional trading and research business.
Two market data solutions have been launched to improve transparency in Europe’s fragmented equity markets in the absence of a US-style consolidated tape.