Reforms to the US and European OTC derivatives markets will cause data levels to surge as much as 400% above current levels, forcing market participants to spend US$3.4 billion in 2011 on clearing and back office technology, according to a report by TABB Group.
Transaction cost analysis is on the brink of becoming a credible tool for improving trade performance, after years of being regarded by sceptics as a box-ticking exercise, according to US research consultancy Greenwich Associates.
Huge spikes in volatility in the first two weeks of August led to a decline in the proportion of European trading executed in the dark, according to market data from multilateral trading facility BATS Europe.
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.