Asset Classes

Interxion, an operator of carrier-neutral data centres, has signed a deal with the Nordic Growth Market (NGM) to locate its matching engines at Interxion’s Stockholm data centre.

The race is on for international institutions to take advantage of Russia’s burgeoning equities market, but the nuances of the country’s infrastructure could pose a number of difficulties, according to new research from consultancy TABB Group.

Global broker Bank of America Merrill Lynch has made its European equity index futures algorithms available to users of trading technology provider TradingScreen’s execution management system.

The Federation of European Securities Exchanges (FESE) has said it would support restricting European non-displayed trading venues to executing large sized orders, going a step further than CESR, the pan-European securities regulator, which yesterday proposed a minimum order size for dark pools that use MiFID’s reference price waiver.

The global financial crisis has led to the development of a new class of intermediary in the European fixed income market, according to a white paper published by Pershing, a provider of outsourced clearing and execution services.

European central counterparty (CCP) clearing houses are still hopeful that interoperability will become a reality this year, despite a lack of agreement at last week’s meeting with regulators.

The Committee of European Securities Regulators (CESR), the body responsible for supervisory convergence across Europe’s securities markets, has admitted that a mandated regulatory solution may be required to create a consolidated post-trade data source for cash equities.

Exchange group Nasdaq OMX will cut the maker rebates and taker fees for stocks trading at less than $1 on its two US equities platforms following a similar move last week by rival equities platform Direct Edge.

RealTick, a multi-broker, cross-asset execution management system (EMS) from trading technology provider Townsend Analytics, now offers users access to Goldman Sachs’ global futures and options execution services, which include the broker’s latest algorithms, worked and direct access execution offerings.

Burgundy, a Nordic-only multilateral trading facility owned by a consortium of Scandinavian financial institutions, has added agency broker Instinet Europe as a member of its platform.