News

Commission sharing agreements can increasingly help Asian buy-side firms achieve best execution, according to a new report by financial research firm Celent.

State Street Global Markets, the US investment research, trading and clearing service provider, has expanded its futures commission merchant activities to include a swaps clearing platform.

Brokerage firm Newedge has appointed Francoise Guillaume as global chief operating officer and deputy CEO. Based in Paris, Guillaume will also participate as a member of the Newedge executive committee.

US technology provider and agency broker ConvergEx Group has upgraded its global liquidity-seeking algorithm, Darkest, to enable users to simultaneously access European and Asian dark liquidity through a single order.

The European Commission will impose a non-negotiable regulation on member states, in addition to its planned revisions to MiFID, to ensure its ideas for competitive securities markets come to fruition.

The merger between exchange groups Deutsche Börse and NYSE Euronext would seriously constrain potential new competitors from challenging the power a joint entity would wield in listed derivatives, according to Nasdaq OMX.

Asia's equity markets experienced an increase in volumes from June to August 2011 in response to European and US debt fears, reaching their highest point since the Japanese earthquake in March, according to Thomson Reuters.

The quest for speed has driven the development of high-frequency trading technology in recent years, but the next step in the evolution of HFT architecture will see firms focus on securing access to colocation facilities and analytical tools that are capable of complex number crunching, say executives of OneMarketData, a tick data management and analytics company.

Eurex, the derivatives exchange owned by Deutsche Börse, has announced strong growth in the Eurex KOSPI contract just over one year after its launch on 30 August 2010.

India's two major exchanges have released details of liquidity enhancement programme for equity derivatives following a recent circular from national regulator the Securities and Exchange Board of India allowing such schemes.