Shenzhen prepares for cross-market ETF launch
The Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation have launched a testing phase to prepare for the listing of new exchange-traded funds.
News
Liquidnet reports January trading surge
Buy-side focused block trading platform Liquidnet has reported sharp increases in both US and European trading volumes for the start of 2012. In the US, Liquidnet traded a daily average of 1.2 billion shares in January, representing an 80% month-on-month increase. According to the firm, this outpaced overall m
European buy-siders prepare for OTC derivatives reform
Europe’s asset management firms are preparing for the growth of trading in centrally cleared OTC derivatives by improving their collateral management and counterparty risk controls.
BCN rethink may harm execution quality, says industry
Market participants are worried the forced categorisation of broker crossing networks into existing trading venue categories could diminish execution quality, after an MEP revealed that a new venue regime in MiFID II may not cover equities.
Sweden plots HFT surveillance as Italy plans penalty
The Swedish financial watchdog is considering issuing new guidelines on market surveillance and monitoring – even after a national study found only limited negative effects of high-frequency trading – while Italy is soon to announce a penalty for the practice.
Two cheers for FATCA proposals
Buy-side firms outside the US will see a sizeable reduction in the costs of compliance with the US Foreign Account Tax Compliance Act as a result of the proposed regulations for implementation released by the Internal Revenue Service and US Treasury on 8 February.
Dodd Frank OTC swaps rules create real-time pressure
As the deadline for compliance with Dodd-Frank’s OTC swaps transparency requirements looms, market participants are feeling the pressure of real-time reporting requirements contained in the new legislation.
CME Group adds colocation provider, ups stake in Dubai exchange
Trading solutions provider QuantHouse is now providing co-location and DMA services within the recently opened CME Group colocation facility west of Chicago in Aurora, Illinois, allowing high-frequency trading firms to benefit from close proximity to the CME Globex matching engine, reduced latency and direct access to the exchange’s liquidity centre.
Eurex plans dividend derivatives expansion
Eurex, the derivatives market owned by German exchange group Deutsche Börse, has announced plans to add ten new euro-denominated dividend derivatives on its platform from 2 March.
Is small beautiful?
Smaller tick sizes are often seen as a force for good in Europe's equity markets, narrowing spreads and increasing efficiency for buy- and sell-side firms. But could small ticks actually be disadvantaging long-only institutional investors?