Asset Classes

LSE’s maker-taker rethink divides brokers

The London Stock Exchange (LSE)’s decision to abandon its maker-taker pricing structure from September – exactly a year after it was first introduced – has won praise from some brokers, but has left others scratching their heads about the apparent u-turn.

CS adds block function to Crossfinder in Australia

Advanced Execution Services (AES), the electronic trading division of global investment bank Credit Suisse, has added a block trading feature to its Crossfinder internal crossing network in Australia.

SmartPool ready for waiting game as more brokers join

Lee Hodgkinson, CEO of SmartPool, the non-displayed trading facility owned by exchange group NYSE Euronext, expects growth in the European dark pool sector to take place over the long term and believes his platform is well-positioned to stay the distance.

Baikal to offer clearing choice with EMCF

The London Stock Exchange (LSE) has revealed plans to use pan-European clearing house European Multilateral Clearing Facility (EMCF) as an additional central counterparty for its Baikal non-displayed multilateral trading facility (MTF).

Have multiple dark pools turned trading into a minefield?

European buy-side traders have recently been inundated with non-displayed trading venues that claim to improve execution performance via unique functionality. Competition between providers is healthy, but has the choice become overwhelming?

Nomura receives approval for equity trading in Malaysia

Nomura Securities Malaysia, a subsidiary of Tokyo-based investment bank Nomura, has been granted a special stock-broking license by the Securities Commission of Malaysia, which will enable the firm to trade cash equities in the country.

US equity brokers face commission cut this year – Greenwich

US equity brokers expect the commissions they earn from institutional trades of domestic equities to fall by 23% and hedge fund commission payments to drop by 32% in 2009-2010, according to the latest equity investor study from research and consulting firm Greenwich Associates.

‘Flash’ orders still up for debate despite SEC approval – BATS

Joe Ratterman, CEO of US equities exchange BATS, has said he would welcome further discussion around the use of controversial ‘flash’ order types, despite the fact that US regulator the Securities and Exchange Commission (SEC) has approved them.