Instinet's Canadian dark pool aims to bring back blocks
Agency brokerage and technology provider Instinet has launched Instinet Canada Cross, a non-displayed alternative trading system for Toronto Stock Exchange-listed securities.
News
EMIR vote may boost Turquoise derivatives plan
The amended text of the European market infrastructure regulation, as voted for by the Economic and Monetary Affairs Committee of the European Parliament yesterday, contained a clause that may allow trading venues to licence derivatives from existing markets more easily.
MEPs support cash clearing links, but postpone derivatives
The Economic and Monetary Affairs Committee of the European Parliament has voted to allow cash equity central counterparties to interoperate under the European market infrastructure regulation, but similar arrangements for derivatives will not apply before 2014.
LSE "must match" Maple offer for TMX
Despite TMX's rejection of a C$3.6 billion bank-led counter bid, the London Stock Exchange Group must amend its own offer for the Canadian exchange group to maintain shareholder support, says Alison Crosthwait, managing director, global market structure research at agency broker Instinet.
AXA IM selects TradingScreen multi-asset trading EMS
Buy-side firm AXA Investment Managers has selected the TradingScreen execution management system to provide a single platform for multi-asset trading and to reduce connectivity burdens.
PLUS IRS contract offers new institutional hedging tool
PLUS Markets, a UK-based exchange group, has unveiled details of new swap index contracts that will be traded on its soon-to-be-launched derivatives exchange and are designed to improve the efficiency of interest rate hedging.
Market makers best for price improvement for NYSE, Nasdaq
Market makers offer the best overall price improvement in NYSE and Nasdaq listed stocks, but are losing market share to faster electronic order books.
Lime Brokerage pre-trade solution available via BT Radianz
Telecommunications provider BT and agency broker Lime Brokerage have launched a low-latency pre-trade risk control solution for broker-dealers, designed to help them comply with new US Securities and Exchange Commission rules.
RTS plans futures acquisition in pursuit of Indian growth
RTS Realtime Systems, a high-frequency and algorithmic trading solutions vendor, has entered into exclusive negotiations to acquire trading technology firm First Futures Software to extend its capabilities in India.
Thomson Reuters makes key trading hires
Thomson Reuters has appointed Shanker Ramamurthy as president, sales and trading for Thomson Reuters Markets, effective 20 June 2011.