Pipeline Financial Group, a US-based block trading platform operator, has announced the appointment of Jay Biancamano as its executive chairman, replacing Alfred R. Berkeley, who has retired from the firm.
US buy-side firms have warned that current derivatives rules are confusing and open to interpretation, backing regulators’ plans for a rethink of the Investment Company Act of 1940.
Italian banking group UniCredit has entered into a partnership with Paris-based broker Kepler Capital Markets to create a western European equities unit.
Linedata, a trading solutions provder, has opened a new data facility in Singapore to offer Asian clients low-latency capabilities for the region, including remote access functionality.
Mexican broker-dealer Finamex has released a set of four opportunistic trading algorithms intended to allow users to gain arbitrage profits from trading US equities in Mexico
UK telecoms provider BT has added market data from the Qatar Exchange to its Radianz Cloud community as it continues to build up its exchange connectivity network.
European authorities have set 28 November as the date for finalising the new rules that will redefine the continent’s over-the-counter derivatives trading environment.
Proprietary trading system Chi-X Japan will introduce a new maker-taker pricing model that rewards market makers with credit for posting passive liquidity.
Sell-side firms must demonstrate a new skillset to compete effectively for execution business from the trading desks of institutional investment firms, according to a new report from research consultants TABB Group.