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.
The Osaka Securities Exchange (OSE) held its first night session of trading on 19 July, extending its evening session to run from 16.30 to 03.30, rather than closing at 23.30 as previously.
Lyxor Asset Management, a wholly owned subsidiary of French broker Société Générale, has listed its Thailand-based exchange-traded fund (ETF) on NYSE Euronext's Paris market. This marks the first listing of a SET50-based ETF outside Asia.
Capco, the financial services consultancy, has appointed Andrew Tarver as the company's UK chief executive officer. Tarver was previously a partner in Capco's UK capital markets team; Ismail Amla, the previous UK CEO, will now head the firm's North American practice.
US buy-side industry body the Investment Company Institute (ICI) has cautioned the Securities and Exchange Commission (SEC) against recommending public, real-time disclosure of short-selling positions in a report to Congress, due before Friday 22 July.
Nomura, a Japan-based investment bank, has announced the further enhancement to its NXT Direct electronic trading suite with the addition of a fourth US data centre in Secaucus, New Jersey, adding to existing sites at Carteret, Mahwah and Weehawken.
Auerbach Grayson, a New York-based broker specialising in global trade execution and research services, has announced a partnership with IS Investment, the investment banking arm of Turkey-based Isbank.
The London Stock Exchange Group (LSEG) has seen its overall revenues for the three months to 30 June 2011 increase 14% over the same quarter for the previous year to £190 million, despite the continued low trading volumes in the equity market.