Accessing scarce liquidity in the Indonesian and Philippine equity markets is a constant challenge for institutional investors, but the increasing availability of algorithmic trading solutions should soon result in better execution quality, brokers say.
MTS, the London Stock Exchange Group's European electronic fixed income market, will launch a new platform for Euro-denominated non-government debt before the end of 2011, called MTS Credit.
Declining volumes and fee reductions contributed to a €16.3 million fall in 2010 equity clearing revenues at LCH.Clearnet, but the Anglo-French central counterparty hopes that progress towards post-trade interoperability in Europe could reverse the trend.
BATS Global Markets, the Kansas-based trading venue operator, has unveiled plans to launch a US primary listings business in Q4 2011, as it seeks to further erode the dominance of exchange operators NYSE Euronext and Nasdaq OMX.
Pan-European multilateral trading facility (MTF) Chi-X Europe has partnered with Russell Investments, the US-based investment services and equity indices provider, to launch a new series of European indices.
Bulge-bracket broker Morgan Stanley has launched a new algorithmic trading product, Morgan Stanley Fix, to address institutional investor demand for more accurate execution benchmarking of their FX trades.
ConvergEx Group, the US-headquartered trading technology provider and agency broker, has been awarded a patent for the technologies that support price improvement on its LiquidPoint options trading platform by the United States Patent and Trademark Office.
Japanese investment bank Nomura has appointed Norikazu Akedo, head of trading, equities, Japan, Samuel Ruiz, joint head of equities, EMEA, and former Lehman Brothers COO, EMEA, Benoit Savoret, who was named joint head of global equities earlier this month, to be senior managing directors along with nine other executives.