European regulators ought to take steps to force equity trading onto lit markets to improve market transparency for the benefit of investors, according to the CFA Institute, a global body representing investment professionals.
Sanford C. Bernstein, the agency brokerage unit of investment services firm AllianceBernstein, has announced that Toby Bayliss and Jason Doyle have been appointed co-heads of European equity trading.
SIX Swiss Exchange and Liquidnet, the buy-side block trading market, have signed an agreement allowing SIX Swiss Exchange members and Liquidnet's buy-side participants to execute large block trades with one another in both Swiss and other European equities.
With the consultation by the Australian Securities and Investments Commission on the country's equity market structure drawing to a close, proposals for a size limit on dark pool orders and the tiering of block trades may attract most attention, says Will Psomadelis, head of trading, Australia at Schroders Investment Management.
A former institutional trading desk head at Mellon Securities has been banned and parent company BNY Mellon, the asset management and securities services giant, fined US$24 million for systematically chasing better prices for hedge fund clients at the expense of institutional customers over a period of more than eight years.
EDX London, the international derivatives market of trading venue operator London Stock Exchange Group, has gone live with dividend futures based on six Russian international order book underlyings.
The Singapore Exchange is to introduce continuous all-day securities trading from 1 March 2011, eliminating the current 90-minute break as part of its ongoing competition for trading volumes with other major Asian exchange groups.
The Tokyo Stock Exchange plans to introduce a new high-speed index dissemination service with the aim of calculating and disseminating TOPIX and other target indices.
The Securities and Exchange Board of India, the country's financial regulator, has permitted stock exchanges in India to list foreign index derivatives denominated in rupees.