European central counterparty clearers LCH.Clearnet Limited and SIX x-clear have published a summary of their linking agreement, which came into force in December 2008, as a template for interoperability between other clearing houses in the continent.
Early indications are that Arrowhead, the new equities trading system implemented by the Tokyo Stock Exchange (TSE) on 4 January, is positively influencing equity trading volumes, but it may take longer for its effects to be fully evident.
The introduction of the high-speed INET trading platform at exchange group Nasdaq OMX’s Nordic exchanges next Monday, coupled with the introduction of central counterparty clearing and tick-size harmonisation last October, could significantly boost trading turnover, said Hans-Ole Jochumsen, president of Nasdaq OMX Nordic.
US trading venue Direct Edge now expects to complete its transition to exchange status by Q2 this year, as it awaits final approval from US regulator the Securities and Exchange Commission (SEC).
The importance of sell-side research and trade ideas will move ahead of execution for US buy-side firms in 2010 as they try to rebuild the confidence and trust of their retail investor clients, according to a new study from research and consulting firm TABB Group.
The Qatar Exchange has bolstered its senior management team with the appointment of three executive officers, two of which have held roles at US and European trading venues.
Pan-European central counterparty EuroCCP will start offering clearing services for exchange-traded currencies (ETCs) from 5 February, with multilateral trading facility Turquoise the first to take advantage.
Citigroup has become the latest investment bank to throw its support behind greater transparency of dark pools by reporting historical trading conducted on its internal crossing engine, Citi Match.
Trading solutions vendor Smart Trade has introduced customisable consolidated order book functionality for its LiquidityAggregator engine, which will allow real-time consolidation of trade, order and quote data across multiple trading venues and platforms.