News

Trading technology provider Fidessa, has added US broker-dealer GATE US to its global connectivity network.

ConvergEx Group, a trading technology provider, is providing clients with a new suite of solutions to meet high-speed routing and execution needs, through its LiquidPoint options trading platform.

A 1:10 reverse split of Citigroup stock on Friday 6 May, which reduced the number of outstanding shares by a factor of 10 while increasing the stock price by the same multiple, could lead to a near 5% reduction in liquidity on the US market.

Nomura, a Japan-based investment bank, has launched a new execution consulting service within its Asia-Pacific electronic trading division, providing institutional clients with bespoke analysis to enhance their trading strategies.

Bank of America Merrill Lynch has partnered with ETF Securities, a specialist issuer of exchange-traded products, to launch its IVSTOXX ETF, the first exchange traded fund linked to European equity volatility, on Deutsche Börse.

Bloomberg Tradebook, a global agency broker and technology supplier, has partnered with seven independent research providers to help give clients access to new investment ideas.

Online alternative trading system and licensed broker-dealer Bonds.com Group has announced its senior management structure.

Exchange operator Nasdaq OMX has received approval by US regulator the Securities and Exchange Commission for BX Venture, re-establishing the listing business of the Boston Stock Exchange, which it purchased in 2008.

Recent advances in technology have given US buy-side firms greater control over how they unbundle execution and research payments, which is likely to lead to a global approach in commission sharing arrangements within the next few years.

Canadian alternative trading system operator Alpha Group expects to become an exchange by Q4 2011 and aims to challenge the listings dominance of the TMX Group, following its regulatory filing last month.