News

Study rates Instinet SOR at identifying best price

Agency broker Instinet has reported that its European smart order router technology was able to identify the best price in the market for UK stocks 99.9997% of the time, in a study by software and market data provider Intelligent Financial Systems.

Proposed OTC regulation up for review in EU and US

Following a meeting of the European Parliament's Economics and Monetary Affairs Committee yesterday, MEP Werner Langen, rapporteur for the European markets and infrastructure regulation, will table a paper that will whittle down some of the 975 amendments tabled by MEPs to the original proposals.

SGX needs pay-back as investment cycle reaches peak

The Singapore Exchange has achieved a 4% year-on-year increase in net profits to S$77.3 million for the third quarter of its financial year 2011, but with its capital expenditure reaching a climax, analysts are concerned that the firm needs to see a return on its investment in technology.

Misys' Asian expansion powered by Sophis acquisition

Misys, the global application software and services company, is gearing up to capture opportunities in Asia Pacific arising from its acquisition of Sophis that has enabled it to penetrate the buy-side market.

ASEAN exchanges on long road to integration

The initiative to link seven stock exchanges across the ASEAN region took a step forward this month, but despite its high ambitions market participants say the project is still a long way from being able to generate the efficiencies and opportunities that can be offered by a truly pan-regional market.

Nomura draws Instinet closer

The future independence of agency broker Instinet is open to question, following the unification of its management with that of parent broker Nomura's electronic execution division.

Buy-side voices frustration at EC's trade reporting plans

Senior buy-side traders have expressed their disappointment that the European Commission still intends to reduce permissible trade reporting delays in MiFID II, despite evidence of its potential negative impact on investment in small- and mid-cap firms.

Chi-X Europe to reduce settlement cost for Spanish trading

Chi-X Europe has become the latest multilateral trading facility to take advantage of recent changes to clearing and settlement rules in Spain, which it says will offer trading participants “significantly reduced post-trade costs”.