News

Hong Kong Exchanges and Clearing has appointed Joseph Meyer to a newly created chief administrative officer position, to oversee its major projects, administration and human resources departments.

Chi-X Japan, the proprietary trading system owned by market operator Chi-X Global, has continued its solid start to the year as it battles to become the largest alternative market in Japan.

Just over one year after the 6 May flash crash in the US, regulators across the globe are considering ways to handle the risks posed by algorithmic trading.

Canadian trading venue the Montreal Exchange, part of TMX Group, has launched mini-futures contracts based on the S&P/TSX 60 Index.

Exchange operator Nasdaq OMX has teamed up with securities financing information provider Data Explorers to launch a new index, which it claims will boost liquidity and help protect both long and short investors.

US regulator the Securities and Exchange Commission has called for public comment on proposals to increase disclosure of short-selling positions.

Canadian alternative trading system Omega ATS has abolished its monthly C$350 subscriber fee, enabling brokers to maintain their membership to the platform for free.

Liquidnet, a buy-side focused crossing network, has appointed Richard Gray as head of its European trading desk.

Trading technology provider ConvergEx Group has upgraded its NorthPoint prime brokerage and technology business to assist long-only funds, by adding functionality from several ConvergEx systems, including the Eze order management system and RealTick, its execution management system.

Global broker UBS expects to expand its smart order routing capability in Asia, launching in India over the next few months followed by Australia later in the year.