Asset Classes

Quote MTF, a pan-European multilateral trading facility (MTF), has taken a step closer to its 4 September launch by finalising its stock rollout schedule.

Swiss clearing house SIX x-clear has opened a representative office in Stockholm, Sweden, ahead of its participation in exchange group Nasdaq OMX’s pan-Nordic central counterparty (CCP) clearing service, which will launch later this year.

Derivatives trading technology provider Patsystems is offering connectivity to the South African Futures Exchange (SAFEX) in partnership with securities trading and brokerage firm Applied Derivatives.

Agency broker Instinet Europe has become the seventh liquidity partner for TQ Lens, the non-displayed liquidity aggregation service run by Turquoise, a pan-European multilateral trading facility (MTF).

Broker UBS has launched its Tap liquidity-seeking algorithmic trading strategy in Australia, Hong Kong and Japan. The algorithm is already available in the US and European markets.

BATS Europe, the pan-European multilateral trading facility (MTF) backed by Kansas-based exchange group BATS Global Markets, will introduce a new price promotion for UK stocks following the success of a similar initiative in Euronext stocks.

SmartPool, exchange group NYSE Euronext’s dark trading facility, is to extend its stock universe to mid-cap names, but some brokers warn that fragmentation could increase the cost of trading in less

The Securities and Exchange Commission (SEC), the US’s securities regulator, is seeking public comment on a new proposal for a price-dependent restriction on short-selling, which it argues may be more effective and easier to implement than the suggested approaches it outlined in April.

Automated, quantitative strategies used to discover and capture alpha in equities will start to converge with more traditional equities strategies, as both traditional asset managers and quants borrow from each other’s strategies, according to Adam Sussman, director of research at research and consulting firm TABB Group.

Trading platform operator Chi-X Global’s plans to establish a joint-venture dark pool in Singapore with the country’s national exchange could be followed by further similar initiatives in the region next year, according to John Lowrey, Chi-X Global’s CEO.