The London Stock Exchange is expected to formally confirm the date for the migration of its cash equities trading systems to its new Millennium Exchange platform this week, following testing over the weekend.
Knight Capital Group is to acquire Kellogg Capital Markets' designated and lead market maker businesses, which make markets in approximately 800 NYSE and NYSE Amex listed securities and 322 NYSE Arca exchange-traded funds.
Increased restrictions on high-frequency trading were favoured by 68% of respondents to the October poll on theTRADEnews.com. But market participants remain divided over how best to regulate HFT.
Agency broker and trading systems provider ConvergEx has added functionality to its ADR Direct technology to enable US buy-side clients to trade ordinary shares in Indonesia and Malaysia and convert the shares into American depository receipts in US dollars.
ABN AMRO Clearing will expand its centralised OTC Derivatives Clearing Service offering to include central clearing of over-the-counter interest rate swaps from the beginning of December.
Investment Technology Group has launched its liquidity aggregator, POSIT Marketplace, in Australia in a move that will significantly reduce trading costs for buy-side traders and enable them to trade more efficiently, says Michael Corcoran, head of sales and trading, Asia Pacific, at the agency broker and technology provider.
US-based market centre operator BATS Global Markets has announced its first major pricing change for trading on its BZX equities exchange since September 2007.