Asset Classes

Goldman Sachs Electronic Trading (GSET) has added new features to its US listed options offering, including three new algorithms and the ability to auto-hedge options orders.

Pan-European MTF Turquoise will introduce a new maker-taker tariff structure on 1 April to help combat the fall in trading market share suffered since its market-making agreements with founding banks expired on 13 March.

Two new proposals have been published aimed at creating a safe framework for conducting short-selling in the equity markets.

Pan-European MTF Turquoise is planning to use a consolidated European best bid and offer (EBBO) as the reference price for its new mid-point non-displayed order book, which it plans to launch on 14 April.

NYSE Euronext, a global exchange group, has targeted Q3 2009 for the completion of a common infrastructure that links all its European trading platforms.

Burgundy, a multilateral trading facility (MTF) for Nordic stocks, will use the Radianz Shared Market Infrastructure connectivity network from telecoms provider BT to provide its members with high-speed connectivity for order flow and market data.

Pan-European trading platform Turquoise is planning to launch a mid-point order book on 14 April, which will allow users to submit dark orders that are smaller than MiFID’s large-in-scale requirements.

Fidessa group, a provider of trading, market data and connectivity solutions, has extended its connectivity agreement with CBX ASIA, agency broker Instinet’s displayed Asian crossing network, to include Hong Kong equities.

The continuing decline in traded equity values in Europe will eat into exchanges’ revenues and could prompt staff cuts, according to Bob McDowall, European research director at TowerGroup.

J.P. Morgan has expanded its electronic trading capability to securities listed on South Africa’s Johannesburg Stock Exchange (JSE) and equity and agricultural derivatives listed on the South African Futures Exchange (SAFEX).