Pan-European multilateral trading facility Chi-X Europe has reported sustained trading growth on both its lit and dark platforms and has confirmed it has received additional investment from members via its 2009 equity participation scheme.
Quant Capital, a London-based private investment firm focusing on quantitative trading strategies, has implemented financial software firm Aleri’s complex event processing (CEP) technology to boost the performance of its equities trading and achieve consistent low latency.
Barclays Capital, the investment banking division of banking group Barclays, has agreed to acquire the New York Stock Exchange designated market maker (DMM) assignments of market-making firm LaBranche & Co for $25 million.
Frank Troise, formerly head of equities electronic trading product at Barclays Capital, has joined rival broker J.P. Morgan as head of its Electronic Client Solutions (ECS) division for equities.
The launch of Arrowhead, the Tokyo Stock Exchange’s new trading engine for equities and corporate bonds, is likely to significantly alter the competitive landscape of Japan’s equities markets, affecting the businesses of both brokers and off-exchange trading platforms.
Liquidnet, an operator of buy-side-only crossing networks, has invested in OTR Global Holdings II, the parent company of alternative research firm OTR Global.
Agency broker ICAP Equities, a division of interdealer broker ICAP, has launched ALX, an algorithmic trading platform for equities, and has started connecting clients. The firm expects to complete the rollout in Q1 this year.
Newedge, a multi-asset brokerage and clearing provider, has appointed Laurent Cunin as head of the Asia-Pacific region and Pierre Gay as head of global fixed income, currency and commodities (FICC).
A large percentage of German institutional investors plan to leave their equity allocations at low levels over next three years, potentially relegating equities to the status of a niche asset class in the country for the foreseeable future, according to research and consulting firm Greenwich Associates’ 2009 German Investment Management Study.