UK regulator the Financial Services Authority will fine Canada-based Swift Trade £8 million for a “particularly serious case of market abuse”, subject to the outcome of an appeal.
Barclays Capital is bringing its dark liquidity offering, LX Liquidity Cross, and smart router technology to Japan and plans to roll out its LMX next-generation trading platform in Asia starting from Q4, said Michael Kim, head of equity electronic trading, Asia Pacific.
OneMarketData, a tick data management and analytics company, has been selected by the Faculty of Business Administration (FBA) at the Chinese University of Hong Kong to provide access to market data for its teaching and research needs.
Financial data services provider Netik has opened an office in Hong Kong, marking the start of the firm's strategy to build a presence in Asia that will complement its existing centres in New York and London.
With trading costs for mid and small-cap stocks far higher than those for large cap stocks across Asia Pacific markets, the price improvement offered by dark pools for smaller stocks is driving their use by fund managers, according to new data from agency broker and financial technology supplier ITG.
US trading venue operator BATS Global Markets has received approval from the Securities and Exchange Commission to launch its primary listings business.
US broker-dealer Raymond James has chosen the RA-ShortCut FIX adapter, provided by technology solutions firm Rapid Addition, which extends Microsoft's BizTalk middleware platform.
Leading pan-European multilateral trading facilities have codified the responsibilities of market makers to ensure a harmonised approach to the ban on short selling bank stocks introduced by a number of European countries in mid-August.
The Australian Securities Exchange has signed a letter of intent with international central securities depository Clearstream, part of Deutsche Börse, to develop a new service that will help market participants manage their collateral requirements more efficiently.