Celent hires Japanese financial IT specialist
US research and consulting company Celent has hired a new senior analyst in its Asian Financial Services Group.
News
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”.
SunGard, BAML, Nasdaq OMX and more…
Greywolf Execution Partners, a NYSE Euronext member trading firm, has implemented trading technology provider SunGard's Valdi order management system, Valdi Liquidity Solutions, MarketMap and SunGard Global Network to support its institutional trading business.
Ontario raises fears over London influence in LSEG/TMX deal
A select committee from the Legislative Assembly of Ontario has expressed concern over the amount of control that the London Stock Exchange Group could have on the Canadian market if its merger with TMX Group is approved.
Omgeo sees booming interest in cross-border trade affirmation
Post-trade processing firm Omgeo says its Central Trade Manager platform, used for the central matching of cross-border and non-US domestic equity and fixed income transactions, has seen 40% year-on-year growth in clients for Q1 2011.
Goldman Sachs enhances algo suite
Goldman Sachs Electronic Trading has made a series of enhancements to its smart routing logic and suite of algorithms.
Cross-asset trading spurred by electronic trading growth
Electronic trading of fixed income and foreign exchange products has increased significantly over the past two years, encouraging a greater adoption of multi-asset trading strategies by institutional investors.
Sub-optimal routing in US costs buy-side US$4.5 billion
Poor routing decisions, caused by overlooking features of different displayed markets that can affect execution quality, could be costing US investors up to US$4.5 billion per year, according to a new report.