Wednesday’s decision by LCH.Clearnet to increase the margin required for Italian bond exposure has highlighted the potential costs and liquidity problems market participants could face as a wider range of instruments are centrally cleared.
US-based trading technology provider and agency brokerage ConvergEx has released its RealTick 11 execution management system (EMS), which has been designed to help traders to benefit from cross-asset
The unwinding of client positions at failed futures broker MF Global is being complicated by the different liquidation policies of futures clearing houses, but institutions are also re-examining their own counterparty risk procedures.
The migration of futures trading to the Tokyo Stock Exchange’s Tdex+ platform on 21 November is expected to attract greater high-frequency flows, while the extension of trading hours should boost foreign and retail investor interest in its derivatives products, said Atsushi Santo, executive account manager, market business development.
Equity market trading volumes continued to decline in Europe in October, leaving the peak reached in August a distant memory, according to financial data provider Thomson Reuters, but dark trading activity rebounded.
Next year will see full post-trade interoperability between Nordic stock exchanges but clearing choice will be of marginal benefit until more buy-side traders in the region adapt to Europe’s fragmented equity landscape.
Nomura and Credit Suisse both announced increased cost cutting efforts in their quarterly results statements today which will reduce headcount in their European operations.
UBS's David Rabinowitz says the Singapore Exchange's hopes of adding liquidity and reducing volatility through the introduction of all-day trading and the world’s fastest trading engine have yet to be realised.
Next Monday will mark a new era of competition in Australia’s equity market with the launch of alternative trading system Chi-X Australia. While the Australian Securities Exchange has embraced the impending multi-market environment, the full impact of new market integrity rules may take months if not years to unfold.