US-based technology provider Pragma Securities has developed two new aggressive liquidity sourcing algorithms, Capture 2.0 and Bullseye, which are designed to capture more liquidity with less market impact than the previous generation of trading tools.
Access to a low-latency network offering the fastest, most reliable connection between dealing rooms and the servers of exchanges is a core requirement of firms engaged in the arms race for speed, says David Stanton, vice president, enterprise sales, Asia-Pacific, at Cable & Wireless Worldwide.
Japanese investment bank Nomura has opened a new 75,000 square foot equities trading floor in New York, coinciding with the launch of the firm's US cash equities and US equities research operations.
BATS Options, the options trading venue operated by BATS Global Markets, has introduced a suite of free risk management tools to help its members mitigate risk.
The Association for Financial Markets in Europe has published a new protocol governing OTC equity transactions that it is intended to put an end to uncertainty over the liabilities of sell-side trading counterparties in the event of an insolvency.
Canadian exchange group TMX Group, operator of the Toronto Stock Exchange, plans to create a new alternative trading system for equities, called TMX Select, to regain market share previously lost to rival venues.
Hong Kong Exchanges and Clearing (HKEx) has appointed Yang Qiumei as deputy head of market development and head of the market development division's mainland development department.
UBS has launched its algorithmic trading platform on Bursa Malaysia, allowing the bank's clients to send their electronic orders directly to the exchange without them passing through an intermediary.
A report by US financial regulators has identified the attempt to sell 75,000 index futures contracts by a “mutual fund complex” using an execution algorithm in extremely volatile market conditions as the trigger for market mayhem on 6 May.
European trading volumes for September 2010 have recovered to their highest level since June 2010, surpassing the turnovers recorded at the start of the year.