Brazil-based Kairos Asset Management is to use US trading solutions firm StreamBase’s CEP platform to support high-frequency trading strategies across multiple asset classes, including derivatives, foreign exchanges, futures and equities.
Commissions paid to institutional US brokers has fallen well below expectations so far in 2010, but some of the shortfall in equities spend could be recovered from a surge in options trading.
Trading and connectivity provider Orc Software has signed a deal with Australian financial services group BBY to supply low-latency, high-throughput connectivity to the Australian Securities Exchange.
Software solutions and services provider Charles River Development has announced direct access to Asia-based crossing network BlocSec via the Charles River Investment Management System.
Knight Capital, a US–headquartered broker has taken a “significant” stake in retail-focused pan-European trading firm Equiduct as part of its expansion of its European market making business.
Agency broker and trading technology provider ConvergEx Group has developed new block trading platform for Mahogany Partners, a consortium of mid-tier US brokers.
US exchange Nasdaq Stock Market, part of the Nasdaq OMX group, plans to introduce stock-specific circuit breakers that will operate in conjunction with a similar proposal from the Securities and Exchange Commission.
Tora, an Asia-focused technology and trading service provider, has extended the reach of its liquidity aggregation service to Hong Kong, Singapore and Australia.
Singapore Exchange will start trading its new SGX Nikkei Dividend Point Index futures contract in June, making it the first Asian derivatives exchange to trade a dividend futures contract.
International investors will be able to buy and sell Brazilian equities using streaming quotes in their own base currency, following an agreement between exchange technology provider and trading venue operator Chi-X Global and BM&F Bovespa, the Brazilian exchange group.