Eleven new members will join the Central Facility for Funds (CFF), Clearstream's new post-trade solution for investment funds domiciled in Luxembourg, Europe's largest market for international funds.
Instinet, an agency broker and wholly-owned subsidiary of Nomura Holdings, announced on Monday it has secured full membership on the Australian Securities Exchange (ASX), effective immediately.
A new 'impact report' from Aite Group has revealed that 26% of advisors distributing products from multiple providers are not happy with current data consolidation offerings, and plan to make changes over the course of the next year or two.
A new study from Greenwich Associates revealed last Thursday that the liquidity crunch in global credit markets sparked by the collapse of the U.S. sub-prime mortgage sector severely disrupted the trading and usage of many fixed income products. Institutional investors fear that fallout will continue to spread.
Arcontech, a real-time market data software developer, has enhanced its CityVision software suite with a new module, the CityVision Calculation Engine (CCE).
Eurex Clearing, the clearing house of international derivatives exchange Eurex, and Clearstream, the settlement organisation of Deutsche Börse Group, have requested access to and 'interoperability' with the stock exchanges, clearing houses, and settlement organisations of the UK, France, the Netherlands, Belgium and Portugal, under the terms of the European Code of Conduct for Clearing and Settlement.
Wednesday's announcement that government-owned Dubai Stock Exchange (Dubai) bought 19.9% of Nasdaq and 28% of Nasdaq's LSE holdings gives the US electronic exchange the opportunity to strike a merger deal with LSE, according to Larry Tabb, CEO and founder, TABB Group.
Exchange operator Deutsche Börse releases preliminary changes to the weightings of companies in its equity indices today.
Thomas Weisel Partners and Townsend Analytics have announced a deal in which both firms' clients will be able to access Weisel Execution Services (WES), the investment bank's proprietary algorithmic and equities execution division, via Townsend Analytics' flagship execution management system (EMS), RealTick.
While electronic block trading platforms accounted for just over 1% of the trading volume in the US equities markets in 2003, this rose to 4.5% in Q2 2007, finds a new report published by research and advisory firm Aite Group.