Two former equity trading executives from bulge-bracket brokers are to head specialist Asian agency broker and technology provider Tora Trading’s newly-formed liquidity services business.
The decline in equity trading activity since September last year is challenging the low-cost, high-volume business models of Europe’s new multilateral trading facilities (MTFs), prompting observers to suggest the platforms should focus on differentiators other than price to survive.
Alternative trading systems (ATSs) will gain around a 40% market share of Canadian equities trading by 2012, estimates research and advisory firm Aite Group in a new report.
Exchange group Nasdaq OMX has introduced a new pricing structure for trading in US equities in a bid to maintain market share against stiff competition.
Complex event processing (CEP) solutions vendor Aleri has launched an upgrade to its liquidity analysis tool that will allow clients to view equity prices across Europe’s multilateral trading facilities (MTFs) and exchanges.
Market data vendor ACTIV Financial has joined connectivity provider Atrium Network’s extranet community and has become one of the first clients to use Exchange Ring, Atrium’s ultra-low-latency network connecting European exchanges and multilateral trading facilities (MTFs).
The US Securities and Exchange Commission (SEC) is seeking public comment on whether it should impose price or so-called circuit-breaker restrictions on short-selling US equities.
Oddo & Cie, a Paris-based independent agency brokerage, has implemented MarketPrizm, a trading infrastructure platform provided by Chi-X Global Technology (Chi-Tech), the technology services unit of trading venue operator Chi-X Global.
Chi-X Europe, the pan-European multilateral trading facility (MTF) owned by agency brokerage Instinet, has revealed its timeline for migrating to the uniform stock symbology agreed on by a group of European trading platforms.