Buy-side still needs SOR education – Lees

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.

Chilean Stock Exchange to adopt low-latency IBM trading platform

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.

Buy-side group urges FSA to sort out Lehman “chaos”

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.

New Markit tool allows buy-side to rank brokers

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.

AES could escape Credit Suisse cuts

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.

FlexTrade links SOR to Canada’s Alpha ATS

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.

KRX and Bank of Laos make progress on new exchange

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.

AIM Italia takes a step closer to launch

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.

Turquoise fires next shot in MTF price war

Pan-European trading platform Turquoise has revealed a raft of plans designed to boost trading on the platform, including undercutting the taker fees charged by rivals Chi-X and BATS Europe.