ELX Futures, a US-based electronic futures exchange, plans to compete with the NYSE Liffe and Eurex derivatives markets by launching interest rate products using the maker-taker and taker-maker pricing models.
Three months after a New York judge ruled on their five-year patent dispute, ITG and Liquidnet have decided to withdraw from further legal action and reach a compromise on the use of the 'blotter scraping' technology deployed in both firms' crossing networks.
Proposed European rules on banks' exposures to central counterparties have been criticised by the Investment Management Association, the UK buy-side trade body, as potentially punitive to long-only investors.
Trading technology provider ConvergEx Group aims to offer greater customisation to the buy-side following the recent acquisition of RealTick, vendor of the RealTick 10 multi-asset class execution management system.
Rising dark pool volumes in Europe suggesting growing comfort among buy-side firms, so are institutional investors happy with the current regulatory environment for off-exchange trading?
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.