Asset Classes

SunGard, a global technology vendor, has launched an equities crossing network for US clients of its various trading solutions.

Additional transparency in the over-the-counter (OTC) derivatives market, as envisaged by US president Barack Obama, could reveal more about buy-side trading intentions and expose dealers to greater market impact.

US broker Knight Capital is launching a new ‘smart order execution’ algorithm designed to help investors source liquidity in small- and mid-cap stocks.

Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by global exchange group Nasdaq OMX, will start trading Portuguese listed stocks on the same day as rival MTF Chi-X Europe.

Trading technology provider Realtime Systems (RTS) has announced plans to offer direct market access (DMA) and sponsored market access (SMA) to a range of new US equity trading platforms.

Deutsche Börse Market Data & Analytics, the information division of German exchange group Deutsche Börse, has launched CEF alpha+ macro, a data feed that supplies macro-economic news directly to automated trading applications.

Pan-European dark pool NYFIX Euro Millennium has reported that average daily traded value on its platform increased 70% to almost €82 million in May 2009 from around €48 million in December 2008.

Two sell-side firms, Finnish banking group Sofia Bank and London-based prime broker and service provider Kyte Group, have both announced plans to offer direct market access (DMA) to their clients.

New York-based broker Auerbach Grayson has teamed up with Reliance Equities International Private Limited, a stockbroking subsidiary of Indian financial services firm Reliance Capital, to offer US institutional investors greater access to India’s capital markets.

Alternative trading systems (ATSs) will secure 20% of the total equities value traded across the Asia-Pacific region by the end of 2012, even though their combined share is currently much less than 5%, according to a new report from research and consulting firm Aite Group.