Encouraging growth rates across the first two quarters of live trading by dark trading venue New York Block Exchange (NYBX) have underlined the strength of the hybrid lit/dark liquidity model and bode well for similar initiatives in Europe, according to Tim Mahoney, CEO, BIDS Trading.
Trading technology provider and agency brokerage ITG has launched a new monthly research series examining market structure and liquidity across Asian markets.
Canadian wholesale bank Scotia Capital and trading technology provider NYFIX have joined forces to develop a broker-neutral indications of interest (IOI) service for the Canadian equities market.
The Singapore Exchange (SGX) and trading platform developer Chi-X Global have agreed to form a joint-venture non-displayed liquidity pool, which they aim to launch in the first half of 2010.
Financial data provider Markit and US post-trade utility the Depository Trust and Clearing Corporation (DTCC) will launch MarkitSERV, a joint-venture company providing trade confirmation for over-the-counter (OTC) derivatives, on 1 September.
Chi-X Canada, an alternative trading platform for Toronto Stock Exchange-listed equities, will launch a price promotion for exchange-traded funds (ETFs) in September that will slash its taker fee.
The market shares of Nasdaq Stock Market and the New York Stock Exchange (NYSE), the US’s two largest equity trading platforms, have continued to fall over the past year, while alternative platform Direct Edge’s market share has risen sharply.
Exchange group SIX Swiss Exchange has seen a steady decrease in its market share of Swiss blue chip stocks since migrating trading to Zurich from its London-based SWX Europe platform.
Buy-side trading technology provider Charles River Development has made Japanese broker Nomura’s ModelEx suite of execution algorithms for Asia available to users of its Investment Management System (IMS).
Two providers of trading services – US options exchange International Securities Exchange (ISE) and US-based online market-maker FX Solutions – have extended their foreign exchange offerings.