Birla Sun Life Asset Management, an Indian mutual fund manager, has teamed up with post-trade processing firm Omgeo to reduce the inefficiencies related to manual settlement processes.
The European Securities and Markets Authority, the pan-European financial regulator, has said it will use feedback to a recent questionnaire on high-frequency trading to inform MiFID II proposals.
Singapore Exchange has been notified by Australia's Foreign Investment Review Board that Australia's treasurer, Wayne Swan, is disposed to reject its proposed merger between Australian Securities Exchange because it is contrary to national interest.
RTS Realtime Systems Group, a provider of global trading technology, has announced its intention to capitalise on growth in India with the opening of its first office in the country.
The Mexican Derivatives Exchange, a subsidiary of incumbent national exchange, the Bolsa Mexicana de Valores Group, has announced a partnership with the CME Group, a US derivatives market, to enable domestic investors to trade contracts listed on the other exchange.
EuroCCP, the pan-European central counterparty, and Turquoise, the multilateral trading facility (MTF) owned by the London Stock Exchange, have launched a new service that aim to reduce post-trade fees in Spain following recent clearing and settlement reforms.
New proposals from the European Commission could limit the ability of vertically-integrated exchanges to protect their businesses and stimulate competition in the derivatives market.
Quote MTF, the pan-European multilateral trading facility, has gone live with liquidity commitments from eight sell-side participants based in the US, UK, Ireland, France and the Netherlands today.
US market operators Nasdaq OMX and IntercontinentalExchange have made a joint proposal to acquire NYSE Euronext, arguing that a deal would benefit the US as a financial powerhouse.
Burgundy, a Nordic-focused exchange, has reported that almost 50% of trading in Swedish equities was transacted away from domestic exchange Nasdaq OMX Nordic in March.