Bank of America Merrill Lynch, has teamed up with ETF Securities, a specialist issuer of exchange-traded products, to launch IVSTOXX ETF, the first exchange-traded fund linked to European equity volatility, listed on the London Stock Exchange.
The Johannesburg Stock Exchange has launched any-day expiry foreign exchange contracts on its derivatives market, allowing institutions to hedge their currency risk more accurately.
Four firms are expected to buy stakes in Chi-X Global in Q2 2011, following the implementation of a series of cost-cutting measures by the market operator and exchange technology provider, according to sources familiar with the matter.
Interoperability between cash equity central counterparties could be delayed until 2014 under amendments to the proposed European market infrastructure regulation presented in a draft report by MEP Werner Langen to the Economic Affairs Committee of the European Parliament on 28 February 2011.
Market participants remain doubtful that proposed MiFID II rules on high-frequency trading will ensure market safety, according to the results of the February poll on theTRADEnews.com.
The four-hour outage at the London Stock Exchange on Friday resulted in a 28.6% drop in FTSE 100 turnover, but did not cause any significant drop in the bourse's market share of UK blue-chips.
IntercontinentalExchange, a derivatives exchange and infrastructure operator, has acquired Ballista Securities, a registered broker-dealer that offers an electronic options platform for the execution of block-sized and complex multi-leg options transactions.
A four-hour outage on the London Stock Exchange did not see a significant shift of flow to multilateral trading facilities, with many long-only traders preferring to scale back trading activity until the issue was resolved around midday UK time.
The Mexican Stock Exchange has reported a 50% increase in trading volume in its 2010 financial results, driven in part by the increasing activity of high-frequency trading firms at the exchange.
Korean regulator the Financial Services Commission has banned Deutsche Bank's Korean broker-dealer business from operating for six months, following allegations of market manipulation in KOPSI 200 options.