Thai broker United Securities has joined technology vendor Fidessa's connectivity network, enabling Fidessa's users to route direct market access order flow to the Stock Exchange of Thailand.
The true cost of the Volcker rule to brokers and their buy-side clients still hinges on where regulators draw the line between market making and proprietary trading, following the publication of implementation guidelines by the Financial Stability Oversight Board last week.
Trading technology provider UNX is partnering with investment services firm International Class Actions Management to integrate ICAM's securities data and research services into the UNX Catalyst execution management system.
Agency broker Instinet has begun the regulatory filing process for launching a dark alternative trading system in Canada, in addition to enhancing its electronic execution offering in the country.
The Securities and Exchange Commission has fined Bank of America Merrill Lynch US$10 million for misusing customer order information for its own proprietary trading operations and charging clients undisclosed trading fees.
Clearstream, the international central securities depository owned by Deutsche Börse, has teamed up with Brazilian financial services firm, Itaú Unibanco, to facilitate settlement in the Brazilian market for international investors.
Trading technology provider Rapid Addition is offering its FIX Cloud service through the London Stock Exchange's FIX Gateway, allowing buy-side firms to access counterparties, using the FIX messaging protocol, in different locations across the world.
Trading technology provider the Algo Group has gone live with network connectivity services for pan-European multilateral trading facility Quote MTF, ahead of the venue's launch under new liquidity arrangements on 4 April 2011.