News

A technical glitch at the Australian Securities Exchange yesterday, which prevented the proper reporting of trades by alternative venue Chi-X Australia, could help fuel further debate on market structure in the country.

The rise of passively-managed funds is changing the nature of liquidity in the US equities market and forcing trading tactics to evolve accordingly, says financial research firm TABB Group.

Japanese bank Nomura has hired Steven Downey as head of equities trading, EMEA and co-head of derivatives, EMEA.

Two industry working groups attempting to harmonise data standards in Europe are seeking support from securities watchdog the European Securities and Markets Authority to ensure their projects are completed ahead of MiFID II implementation.

Anglo-French clearing house LCH.Clearnet has enhanced its US OTC interest rate swap clearing service, SwapClear, to accept a broader range of collateral for initial margin, offering increased connectivity and variable notional swaps.

The Singapore Exchange has boosted its regulatory compliance and risk management teams with two new appointments.

Mexico has confirmed that it plans to join the Mercado Integrado Latino Americano, the trading alliance launched that links a group of Latin American exchanges.

UBS has bought into the Chi-X Global model, acquiring an equity stake in the international exchange operator and trading technology provider.

US-based market operator BATS Global Markets has opened up its BATS Exchange as a US primary listings venue as a new market for issuers to list their stocks.

US-based options venue the International Securities Exchange has improved its complex order book to let market makers provide two-sided quotes for complex or multi-legged instruments.