International derivatives exchange Eurex is to introduce a new pricing model on 1 February 2011, as part of a strategy to encourage volumes, enhance order book quality and attract new customers, according to CEO Andreas Preuss.
Credit Suisse has announced the execution of its first trades on India's Bombay Stock Exchange and National Stock Exchange using smart order routing technology.
Exchange and post-trade services operator Hong Kong Exchanges and Clearing (HKEx) has laid out plans for establishing a clearing facility for over-the-counter (OTC) derivatives, following the lead of
European internal market and services commissioner Michel Barnier asserted the importance of adopting the “correct structure” for Europe's financial markets when he officially launched a long-awaited review of MiFID by the European Commission.
Exchange operator and system provider Nasdaq OMX Group and Indian asset manager the Motilal Oswal Asset Management Company, a subsidiary of Motilal Oswal Financial Services, plan to set up an exchange-traded fund in India, based on US equities.
Investment bank Morgan Stanley has widened the use of its Trajectory Cross dark pool to help clients reduce point-in-time and gaming risk for equity trades.
MarketAxess, which operates a trading platform for US and European corporate bonds, derivatives and other fixed-income securities, plans to expand its credit trading offering to include institutional investors based in the Asia-Pacific region.
Institutional investors expect a positive impact from the migration of over-the-counter derivatives onto exchange, with 63% of respondents to November's poll on theTRADEnews.com forecasting higher volumes.
The custody division of Citibank has been appointed to issue unsponsored level 1 Brazilian depository receipts on the Brazilian equities and derivatives exchange BM&F Bovepsa, from 29 November.