Asset Classes

Tradeweb, a provider of trading platforms and technology, has launched Smart IOI, a tool for sending targeted indications of interest (IOIs) to buy-side traders for equity trades.

BATS Exchange, a US trading venue that gained exchange status last November, has added new real-time tools to give its members more control over the sponsored access capabilities they grant to their clients.

The ability to stitch together the liquidity residing in both public dark pools and brokers’ internal crossing engines is high on many European buy-side traders’ wish lists. But while some trading venues are responding by establishing dark pool aggregation services, regulatory and commercial hurdles could hamper progress.

The London Stock Exchange (LSE) has scrapped a controversial routing fee it was charging other venues for sending trades to its order book, less than five months after it was introduced.

Baikal, the dark pool currently in development by the London Stock Exchange (LSE), plans to offer both continuous and random periodic crossing on its order book in addition to its onward routing functionality, and is continuing its search for broker investment.

The Singapore Exchange (SGX) has announced a series of initiatives to bolster its options market, including enhancing the instruments it offers and introducing a web-based electronic trade registration system.

Financial IT firm Savvis and telecoms group Orange have both established new links to alternative trading platforms, as demand for low-latency trading connectivity grows.

Improved smart order routing (SOR) technology and a consolidated tape of European pre-trade data will help Chi-X Europe, the first displayed pan-European multilateral trading facility, which celebrates its second birthday today, build on its existing success, according to the platform’s management.

Japanese investment bank Nomura has connected its ModelEx equities electronic trading platform in Asia to TradingScreen, a provider of execution management systems (EMSs) to the buy-side.

Pan-European multilateral trading facility (MTF) Nasdaq OMX Europe will launch a new equity stake incentive programme in June in a bid to encourage more trading on the platform.