News

Turquoise, the multilateral trading facility majority-owned by the London Stock Exchange, has reshuffled its management and board structure, promoting Adrian Farnham to the role of CEO.

MarketAxess, a electronic trading platform for corporate bonds and other fixed income instruments, including credit default swaps, has responded to a request for public comment from the Securities and Exchange Commission, the US regulator, urging the adoption of a streamlined regulatory model for securities–based swap execution facilities.

Japan's Tokyo Stock Exchange has postponed the extension of its trading hours, scheduled for 9 May 2011, following power supply disruption caused by the earthquake of 11 March.

The Johannesburg Stock Exchange has appointed a new committee to help revitalise the Africa Board, its platform for cross-listing stocks from companies listed elsewhere on the African continent.

The Federation of European Securities Exchanges has teamed up with data vendors Thomson Reuters and Bloomberg to facilitate post-trade data consolidation by harmonising trade flags.

The Singapore Exchange has agreed to mutually terminate merger discussions with the Australian Securities Exchange, following the Australian Treasurer's rejection of the proposed combination.

The Association for Financial Markets in Europe, the sell-side industry body, has appointed Gerry Cross as managing director, advocacy.

Osaka Securities Exchange, Japan's largest derivatives venue, and India's Bombay Stock Exchange have signed a memorandum of understanding to develop opportunities including cross-licensing of indices and other potential areas of cooperation.

Trading technology provider Fidessa has launched a new platform tailored specifically for trading in Mexico, following the introduction of new market regulations in September 2010.

Equity and derivatives venue Korea Exchange has launched 12 exchange-traded funds on its platform so far this month, including an instrument that tracks US dollar fluctuations.