News

BondDesk, a provider of US fixed income trading technology and execution services, has appointed former Bloomberg Tradebook president and CEO Kim Bang as CEO.

Thomson Reuters is to debut an integrated suite of information and trading services for FX trading which leverages the London-based hosting capabilities of the firm's Elektron cross-asset trading platform.

Buy-side traders must get to grips with the variety of dark pool models that are now available, or risk giving away valuable information that could impair execution performance.

While national regulators in France, Spain, Italy and Belgium have moved to introduce a temporary ban on short selling to calm volatile markets, their UK and US counterparts showed no inclination to follow suit.

Promontory, a global financial services consulting firm, has announced the appointment of Frank Newman, former chairman and CEO of the Shenzhen Development Bank and former deputy US Treasury secretary as non-executive chairman of its China practice.

SBI Japannext, the proprietary trading system owned by Japanese financial services firm SBI Holdings and a number of global brokers, has reported record volumes on its platform for July.

Norwegian exchange operator Oslo Børs has confirmed it will be moving its equity and fixed income trading onto Millennium Exchange, the trading platform owned by the London Stock Exchange.

Banks are unlikely to spare their Asian equities trading and execution desks from the slash in global headcount, although the spike in volumes in recent days may prompt firms to hold off from wielding the axe a while longer.

The construction of a next-generation trading system at the Taiwan Stock Exchange, which is expected to be completed by end-2012, will reduce latency on the exchange by 10 times and boost capacity by at least three times from its current levels, according to Michael Lin, senior executive vice president, TWSE.

The introduction of new rules governing dark trading by the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada will have a profound impact on Canadian marketplaces, according to agency broker and technology company ITG.