Citi has made three new hires to its European equity derivatives index team as it continues to redefine its equities sales capabilities and trading platform in the EMEA region.
The market share of traditional exchanges in Europe continued to suffer in the first half of 2010, as multilateral trading facilities (MTF) enticed order flow away with attractive price models and high-speed matching.
Retail-focused pan-European trading venue Equiduct will offer a 0.2 basis-point rebate for aggressive order flow on its lit order book and levy no charge for passive orders until the last trading day of December 2010.
The Johannesburg Stock Exchange's (JSE) equity derivatives market has introduced maker-taker pricing in a billing model change launched by the exchange on 5 July 2010.
Finamex, a Mexico-based broker-dealer, has implemented proximity direct market access (DMA) services for trading on the Bolsa Mexicana de Valores (BMV), the domestic Mexican stock exchange.
Daiwa Capital Markets, the investment bank division of Japanese financial services firm Daiwa Securities Group, will purchase the global convertible bonds and Asian equity derivatives businesses of Belgian bank KBC Group.
The London Stock Exchange and its multilateral trading facility, Turquoise, have announced new dates for the migration of customers to the group's new Millennium Exchange trading system.
The soon-to-be-finalised Dodd-Frank financial reform bill will introduce greater transparency and accountability to the over-the-counter (OTC) derivatives market in the US, but it has left a number of questions unanswered.
The Volcker rule, which stipulates that US bank holding companies are not permitted to trade on their own books, could potentially trigger a shift in liquidity sourcing for bank-owned crossing networks.