Instinet becomes Australian Securities Exchange member

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.

Liquidity crunch causes breakdown in fixed income market

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.

Deutsche Börse Group expands cross-border equities clearing and settlement

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.

Thomas Weisel Partners to offer algorithmic trading via Townsend Analytics EMS

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.

BIDS driving growth in block trading market, says Aite Group

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.