Buy-side clients of Tora Compass, an electronic trading platform for Asia, are now able to gain direct access to Merrill Lynch’s liquidity pool MLXN. The pool recently added access to liquidity for Hong Kong and Japan, and offers complete anonymity and full automation.
Chi-X, a pan-European equity multilateral trading facility, recorded a drop in trading activity during the last quarter of 2008, citing tough market conditions.
AboveNet Communications, a fibre optic connectivity solutions provider, has installed a private managed Ethernet network for BATS Europe, the London-based pan-European multilateral trading facility.
Alpha Trading Systems, a Canadian alternative trading system launched late last year, has established a connection to Transaction Network Services’ (TNS) extranet.
Oppenheimer & Co, a US broker-dealer, has implemented SunGard’s Brass Liquidity Services algorithmic suite to help improve trading performance for its clients.
Order routing provider Nunami Services is supplying Reg NMS outbound order routing services for a portion of the NYSE Euronext’s NYSE and Alternext equity trading floors.
Thomson Reuters has added two Brazilian and two Mexican brokers to its order routing network.
Neonet, a Swedish-based agency brokerage and technology provider, has confirmed it is in exploratory discussions with a “counterpart”, widely tipped to be German exchange operator Deutsche Börse.
Global trading solutions provider QuantHouse has launched a low-latency Euronext UTP data feed to deliver real-time NYSE Euronext market data to clients.
The short-selling ban on 34 UK financial stocks, imposed by the Financial Services Authority (FSA) on 18 September last year, resulted in a “statistically significant deterioration in liquidity” in the 15 FTSE 100 shares affected by the restrictions, according to a study commissioned by the London Stock Exchange (LSE).