Despite calls for bulge-bracket brokers’ internal crossing networks in Europe to be reclassified as multilateral trading facilities under MiFID, regulators should not rush into any changes, according to David Lawton, head of markets infrastructure and policy at the UK's Financial Services Authority.
Exchange group Nasdaq OMX has followed in the footsteps of its counterpart NYSE Euronext by allowing dark alternative trading systems (ATSs) in the US to report their trading volumes through its FINRA/Nasdaq Trade Reporting Facility (TRF).
While Asia-Pacific lacks an equivalent of Europe’s MiFID or the US’s Regulation ATS, there is still strong impetus for the development of alternative trading venues in the region, according to John Lowrey, CEO of trading platform operator Chi-X Global.
Exchange group NYSE Euronext will allow US dark pools to print trades on the FINRA/NYSE Trade Reporting Facility and display their daily activity on the nyse.com website from next month.
Brazilian hedge fund Kairos Asset Management has chosen financial software firm StreamBase’s complex event processing (CEP) platform to build a new high-frequency trading system for equities and foreign exchange.
Nomura Securities International, the US brokerage division of Japanese investment bank Nomura, has released a new set of US algorithmic trading strategies as it continues to expand its global offering.
Thomson Reuters has become the first data vendor to offer a direct market data feed from SBI Japannext, a Japanese proprietary trading system (PTS) for equities.
Investment Technology Group, an agency broker and financial technology firm, has extended its POSIT non-displayed trading platform to cover equities from Greece and Cyprus.
US boutique broker Capstone Global Markets (CGM) has become the first user of the new equity options functionality on trading technology provider Fidessa’s US hosted trading platform.