Agency brokerage Instinet has added new functionality to its two Japanese crossing networks. Instinet Japan has added a second pre-open VWAP cross to its JapanCrossing dark pool and a new Iceberg order type to CBX ASIA, the firm’s displayed liquidity pool for Japanese and Hong Kong equities. ?
European regulators have acknowledged the likelihood of further intervention to complete the transformation of Europe’s equity markets initiated by launch of MiFID in November 2007.
Turquoise, a multilateral trading facility (MTF) backed by nine banks, suffered an outage this morning due to a “complex dark order matching scenario”, according to a notice sent to members.
Apama, the algorithmic trading division of Progress Software, and Object Trading, a provider of direct market access (DMA) solutions to high-frequency buy- and sell-side traders, have launched a joint offering for options trading.
Instinet Europe, an agency brokerage, has added a pan-European closing cross to its BlockMatch non-displayed equities multilateral trading facility in a bid to encourage more large trades on the platform.
German exchange group Deustche Börse is committed to the European Commission’s Code of Conduct for Clearing and Settlement and forging links between its clearing house, Eurex Clearing, and other central counterparties (CCPs), according to Marcus Zickwolff, head of trading and clearing system design at the group.
Global broker Goldman Sachs has reported a 12-fold increase in the average daily value traded in its SIGMA X internal crossing engine in Hong Kong over the past two months.
The International Securities Exchange (ISE), a US-based equity options exchange, has added real-time options analytics to PrecISE Trade, its front-end trading system.
Execution, a London-based agency brokerage, has connected its Alternative Execution electronic trading platform to trading solutions provider TradingScreen.
The Canadian Securities Administrators (CSA), the council of securities regulators for Canada’s provinces and territories, has announced that the Toronto Stock Exchange (TSX) will act as a central, consolidated source for the country’s equity market data for five years, starting 1 July.