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.
US regulators the Securities and Exchange Commission, the Commodity Futures Trading Commission and the board of the Federal Reserve have set out plans for meeting their supervisory goals related to the clearing business.
The World Federation of Exchanges has released figures for H1 2011 that reveal a decline in trading volumes in the Americas, counterbalanced by rising trading activity in Asia.
A source at the European Parliament has said that the proposed reforms to MiFID and the Market Abuse Directive are likely to be published on 21 October, but the schedule is subject to a date being fixed for a meeting of the College of Commissioners, which must meet to approve the final documents.
NYSE Liffe, the European derivatives business of NYSE Euronext, has received regulatory approval from the Comissão de Valores Mobiliários, the Brazilian securities regulator, to offer direct electronic access to its London market with immediate effect.