News

LCH.Clearnet, the pan-European central counterparty, has said that it will continue to serve NYSE Euronext's European securities and derivatives markets after November 2012.

One of the major proponents of post-trade interoperability in Europe's cash equities markets has turned its back on a new framework for managing collateral across clearing counterparties just weeks after it was given approval by UK and Swiss regulators.

The commoditisation of algorithms in Asia has propelled brokers into a race to deliver creative offerings, such as Instinet's Execution Experts suite of algorithms which the firm is currently rolling out to clients in the region.

The adoption of algorithmic trading by domestic institutions in India has had a slow start, but Edelweiss Securities is an exception, with the firm having launched a full range of algorithmic strategies over the past two years.

Liqudnet, a buy-side focused crossing network, has bolstered its Asia-Pacific sales team with two senior hires, following rapid growth in the region.

Trading and risk systems vendor Patsystems will supply Phillips Securities Japan with technology to support its retail brokerage and execution business on Japanese derivatives venue Osaka Securities Exchange.

US derivatives regulator the Commodity and Futures Trading Commission has voted to delay the effective date of new US derivatives rules introduced by the Dodd-Frank Act until 31 December 2011.

Low-latency trading technology provider Redline Trading Solutions has launched InRush NBBO, a solution for calculating the national best bid and offer for US equities.

A new algorithm developed by GETCO will leverage the Chicago-based electronic market maker's trading strategies to give buy-side clients access to high-frequency liquidity untapped by other algo providers.

PLUS Stock Exchange (PLUS-SX), the UK-based small- and mid-cap-focused equity market, has announced three new initiatives designed to improve liquidity, visibility and issuer quality on its platform.