Asset Classes

Trading slump could force exchange cutbacks in Europe

The continuing decline in traded equity values in Europe will eat into exchanges’ revenues and could prompt staff cuts, according to Bob McDowall, European research director at TowerGroup.

J.P. Morgan offers electronic trading on South African exchanges

J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).

SGX plans shift to new Nasdaq OMX trading platform

Singapore Exchange (SGX) has announced plans to migrate to GENIUM, a high-speed trading platform provided by global exchange group Nasdaq OMX, from its existing QUEST-ST system – also supplied by Nasdaq OMX.

UK broker Execution unveils trading platform

Execution, a London-based agency brokerage, has launched a new electronic trading platform, combining the benefits of agency execution with trading tools from leading investment banks.

Turquoise to announce remedy after market share slumps

Pan-European multilateral trading facility (MTF) Turquoise is planning to take steps to reverse the steep drop in its market share caused by the expiry of market making agreements with founding member banks on 13 March.

Advent connects OMS to BIDS platforms

Trading technology firm Advent Software has linked its Moxy OMS order management system to the trading platforms offered by BIDS Trading, a US alternative trading system operator.

Nasdaq MTF adds rebate to combat rising trading costs

Pan-European multilateral trading facility Nasdaq OMX Europe will introduce a new rebate from 1 May to help members mitigate the rising fixed trading costs associated with smaller trade sizes.

MTFs call for improvements to dark trading rules

Some of Europe’s largest multilateral trading facilities (MTFs) have called for a quick resolution to the regulatory confusion surrounding non-displayed trading functionality and criticised the restrictions imposed by the current regime.

ITG adds external dark pool flow to POSIT in US

Agency brokerage and software vendor ITG has launched POSIT Marketplace in the US, which combines the flow in three of its non-displayed offerings with liquidity from external dark pools.