News

Market participants have expressed frustration at the lack of clarity from Canadian regulators following the publication of responses to a recent paper on dark trading.

New York-based broker Auerbach Grayson has launched a global fixed income and sales trading platform for frontier and emerging markets and has appointed Tim Slaughter to lead the initiative.

Canadian exchange group TMX has bought Atrium Network, a provider of low-latency network solutions in North America and Europe.

Five investment banks have announced their intention to use EuroCCP, the pan-European central counterparty owned by US post-trade utility DTCC, as their preferred clearer in interoperability arrangements.

Market surveillance systems provider RedKite has said that new guidelines from the European Securities Markets Authority on automated trading could affect between 80-90% of order flow, forcing many firms to increase their investment in real-time market surveillance equipment.

Trading volumes in Europe picked up slightly in July, primarily driven by an increase in activity on multilateral trading facilities, which grew by over €24 billion month-on-month.

French investment bank Société Générale has announced the details of Eclipse, its new liquidity-seeking algorithm, which analyses the quality of liquidity that can be found in dark pools.

CME Group, the US-based derivatives market operator, has implemented a routing agreement with the Mexican Derivatives Exchange that allows US-based investors to trade Mexican futures contracts.

Pan-European fixed income multilateral trading facility Galaxy has received regulatory approval to operate its MTF for European bonds.

Exchange group NYSE Euronext has announced a deal to acquire Tokyo-based software vendor Metabit, as it seeks to expand its NYSE Technologies subsidiary in Asia.