EuroCCP, the pan-European cash equities central counterparty, has been authorised by the UK's Financial Services Authority to provide clear services under interoperable arrangements for multilateral trading facilities BATS Europe and UBS MTF.
Thomson Reuters, a provider of market data and information services, has announced a restructuring of its markets division, which it claims will accelerate growth by simplifying its business.
Bank of America Merrill Lynch has launched BofAML Express, a new low-latency market access platform for US equities that delays orders for no more than 10 microseconds for pre-trade risk controls, according to the broker.
ConvergEx Holdings, the parent company of US technology provider and agency broker ConvergEx Group, is to be acquired by funds advised by private equity firm CVC Capital Partners, in an all-cash transaction expected to close in the early autumn.
SIX x-clear, the clearing arm of SIX Securities Services, is launching a new incentive program to win business on trading venues that offer post-trade interoperability.
The European Securities and Markets Authority, the pan-European securities regulator, has released a new consultation on automated trading which seeks to clarify the obligations of market participants under the legislative framework provided by MiFID and the Market Abuse Directive.
Derivatives trading and risk management solutions provider Patsystems has entered an agreement to buy Mixit, a US based developer and vendor of sell-side order management systems and execution management systems for equities and options trading.
Investors' thirst for Chinese assets has placed a high premium on China research, a trend that is viewed positively by independent research providers and execution brokers in favour of unbundling.
The adoption of the FIX protocol in Taiwan is giving international investors easier market access, while enhancing the efficiency of local brokers in serving buy-side clients, said two officials of NYSE Technologies, the technology services arm of global exchange group NYSE Euronext, whose FIX engine is among the most widely adopted worldwide.