Dark pool trading rocketed in Europe during January, with turnover on non-displayed multilateral trading facilities (MTFs) reaching their second highest total ever, according to data from Thomson Reuters Equity Market Share Reporter.
US execution-only institutional brokerage Jones Trading has appointed former Barclays and Lehman Brothers executive Seth Michaels to run its advisory services business.
London-based software provider Torstone Technology has launched Inferno, a clearing, settlement and accounting application that it claims is the first major release of post-trade securities and derivatives processing software in almost a decade.
UBS has released algorithmic trading strategies for equities on Mexico’s Bolsa Mexicana de Valores.
The proposed merger of Deutsche Börse and NYSE Euronext has been blocked by European competition authorities because of the monopoly it would create in the region’s exchange-traded derivatives market.
Key members of US Congress have asked financial regulators to change critical sections of the Volcker rule, worried the measure would significantly impact the buy-side and restrict their access to hedge funds and private equity.
European regulators and legislators have once again failed to reach an agreement on key legislation designed to overhaul OTC derivatives markets.
Chile’s Santiago Stock Exchange has committed to growing electronic trading volumes on its market, including the development of a new trading platform and a partnership with technology vendor Streambase.