Growth of low latency and algorithmic trading is continuing in the Chinese market despite regulatory limits on high-frequency trading on the country's futures exchanges, according to Alec Chan, sales director, Northern Asia, at trading technology provider RTS Realtime Systems Group.
Global exchange operator Nasdaq OMX has cautioned that the planned merger between Deutsche Börse and NYSE Euronext will create a “monopolist that would be able to dictate the market for years to come” in European exchange-traded derivatives.
The potential transparency obligations that could be imposed on Europe's broker crossing networks under MiFID II could cause some to cease operating altogether, according to new research by London-based consultancy GreySpark Partners.
The European arm of agency broker Instinet has announced the results of a second independent evaluation of its smart order router's performance for UK stocks, which show an average of 0.68 basis points in price improvement in Q2 2011.
Johnson Investment Counsel, a US-based wealth management firm, has selected financial technology company Rapid Addition and its RA-Cub FIX engine to automate the flow of trades between an internal order management system and the Triton execution management system, provided by agency broker and technology vendor, ITG.
SPDR ETFs, the exchange traded funds platform of asset management firm State Street Global Advisors, has issued 11 new physically-backed equity and fixed income ETFs on the London Stock Exchange's main market, offering exposure to fixed income, global and emerging equity markets.
The Securities and Exchange Commission, the US financial markets regulator, has established a rule that sets out large trader reporting requirements, but warned that more supervision is needed.
Morgan Stanley has extended the functionality of MS PORT, its multi-asset-class portfolio execution algorithm, to allow trading of stocks in the Americas and Europe across a single portfolio.
Close to 60% of UK buy-side firms say they have seen no reduction in trading costs as a result of MiFID, according to the ninth annual survey by UK trade body the Investment Management Association.
CME Group, the derivatives marketplace, and Osaka Securities Exchange, the Japanese derivatives and securities exchange, have expanded their partnership on joint product development and promotion.