LSE cuts Turquoise stake to 51% as three banks invest
The London Stock Exchange (LSE) has sold stakes in its recently acquired multilateral trading facility (MTF) Turquoise to three major banks.
Asset Classes
Germany follows CESR’s lead on short disclosure
Germany’s financial regulator, BaFin, has introduced a new short position disclosure regime following recommendations from the Committee of European Securities Regulators (CESR).
BarCap signs up to Nasdaq MTF sponsored access service
Pan-European multilateral trading facility Nasdaq OMX Europe (NEURO) has announced that investment bank Barclays Capital has been approved as a sponsoring participant on its platform.
New Volcker text exempts market making, facilitation
The Obama administration has finalised the proposed legislative language for its controversial Volcker rule, which aims to prevent deposit-taking institutions from engaging in proprietary trading and owning or investing in private equity and hedge funds.
SEC’s new short-sale rule to curb liquidity – market makers
The lack of a market making exemption in the US Securities and Exchange Commission’s new short-selling restriction, adopted last week, could limit market makers’ ability to provide liquidity in declining stocks, according to US equities market makers.
End in sight for European post-trade data impasse
The London Stock Exchange is considering the possibility of joining NYSE Euronext in unbundling post-trade data, a move that would help to clear one of the key obstacles to a consolidated tape for Europe.
Hong Kong to require disclosure of short positions
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has unveiled a new regime for the reporting of short positions in an effort to enhance market transparency.
BBH grows Asian sec lending unit with new appointments
Investment bank Brown Brothers Harriman (BBH) has named Robert Lees head of securities lending trading and Richard Meek head of securities lending relationship management for the Asia-Pacific region – both based in BBH’s Hong Kong office.
Frankfurt modernises floor trading to boost liquidity
The exchange council of the Frankfurt Stock Exchange, the main regulated market of German exchange group Deutsche Börse, has resolved to abolish ‘lead-broker’-based trading in equities and fixed income securities from 28 March 2012.
Markit to cut delay for free BOAT data
Market data firm Markit plans to reduce the delay on free data from its BOAT European over-the-counter equities trade reporting and data service to 15 minutes from 1 June.