The value of equities traded on Middle Eastern trading venue Nasdaq Dubai reached US$71 million in February 2011, up 50% from US$47.1 million in January but down 46.77% year-on-year from US$133.4 million in February 2010.
TradingScreen, the provider of multi-broker execution management systems (EMS), has announced the appointment of Charles Garcia as head of global marketing for traditional asset managers.
Bulge-bracket broker Goldman Sachs is planning to launch a non-displayed alternative trading system in Canada, SIGMA X Canada, designed to reduce market impact for users.
Buy-side firms have shown qualified support for the creation of a fixed settlement period for securities trades in Europe, as part of a consultation on developing a standardised regime for central securities depositaries.
Canadian exchange group TMX has released details of its planned alternative trading system, TMX Select, which is designed to attract high-frequency traders.
Central counterparty LCH.Clearnet has announced the successful launch of its SwapClear futures commission merchant service in the US, allowing buy-side traders to centrally clear interest rate swaps.
The Stock Exchange of Thailand has drawn up a shortlist of vendors to supply a new trading engine that is expected boost capacity of the exchange by 100 times when implementation is completed in two years.
Eurex, the European derivatives exchange joint-owned by Deutsche Börse and SIX Swiss Exchange, has reported healthy volumes in its Korean KOSPI options contracts, with over 500,000 contracts traded since its launch on 30 August 2010.