The electronic trading arm of Deutsche Bank, Autobahn Equity, has unveiled a new version of its Stealth liquidity-seeking algorithm, which uses high-frequency trading models to help institutions interact with short-term liquidity more effectively.
Fears that a merger of the US market's largest exchange operators, NYSE Euronext and Nasdaq OMX, would lead to imbalance in the concentration of trading volumes have been dismissed by buy-side firms contacted by The TRADE.
US regulator the Securities and Exchange Commission and industry body the Financial Industry Regulatory Authority have confirmed plans to establish a new 'limit up-limit down' mechanism to address extraordinary market volatility in US equity markets.
ConvergEx Group, a provider of trading technology, has added Brazilian futures and options functionality to RealTick 10, its multi-asset class execution management system.
The Securities Exchange Board of India has confirmed that it is reviewing options to remedy the lack of interoperability between India's two securities clearing houses, but market participants are pessimistic that regulatory action will boost smart order routing volumes in the near term.
Pipeline, a block-trading venue operator and agency brokerage, will launch its multilateral trading facility in early May, offering European market participants a fresh way of executing block trades that includes an element of pre-trade transparency.
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.