A new systematic trading group will offer Credit Suisse Asset Management clients access to trading strategies that will seek to achieve risk-adjusted returns with relatively low correlation to traditional markets.
UK secretary of state for business, innovation and skills Vince Cable has announced an independent review of the UK equity markets, which will make recommendations on the mechanisms of corporate control and accountability provided by UK equity markets and their impact on long-term competitive performance of listed companies.
Multiple clearing and settlement venues will be crucial to delivering the full benefits of competition in Australia, said William Tonkin, director of SecuritEase, the interface technology provider selected by Chi-X Australia to connect to ASX's clearing and settlement infrastructure.
US investment bank Jefferies has established full-service equity capabilities in Mumbai, India as part of the firm's continued expansion of its global equities franchise.
Disagreements between UK and German ministers at the Council of the European Union's Economic and Financial Affairs Council have put paid to hopes that the European market infrastructure regulation might be approved before Q4 2011.
Mitsubishi UFJ Morgan Stanley Securities has selected financial technology services provider Orc Group's trading solution to enhance its options market making operations on Japan's Osaka Securities Exchange.
RTS Clearing Center, the clearing house for market and infrastructure operator the Russian Trading System, has begun to accept US dollars as collateral for trades on its Futures and Options on Russian Trading System, the RTS Standard markets and within the RTS Money service.
The ongoing reorganisation of Mizuho Securities, the investment banking arm of Japan's Mizuho Financial Group, has led to a substantial scaling back of the firm's electronic trading business, according to sources.
Exchange groups NYSE Euronext and Nasdaq OMX have both announced details of new trading platforms designed to facilitate order-driven bond trading in Europe.