News

Goldman Sachs Electronic Trading has launched BlockStrike, a strategy that provides clients with the ability to simultaneously search for block liquidity in non-displayed liquidity pools while working an order using an algorithm's existing logic.

Established US and European brokers were ranked highest for equity trading quality in financial consultancy Greenwich Associates' 2010 quality leaders survey.

Eurex, the international derivatives exchange jointly owned by Deutsche Börse and SIX Swiss Exchange, intends to grow its regional membership and further develop partnerships with Asian exchanges, says Roland Schwinn, executive director and head of sales, Asia and Middle East.

Despite a squeeze in commission payments by Asian buy-side institutions to brokers last year, the average number of brokers used for execution increased, according to John Feng, consultant at Greenwich Associates and co-author of its '2010 Asian equity investors' study.

Proposed short selling rules, variations of which have been adopted in France and Germany, could push equity capital out of Europe and restrict liquidity.

The Singapore Exchange has reported a five-fold jump in its initial public offering market capitalisation for 2010, compared to 2009.

Two major banks, UBS and Wells Fargo Securities, have signed up with derivatives exchanges in Asia and the US as clearing members.

The Australian Securities Exchange has announced the listing of the first currency-based, exchange-traded fund on its market.

Chi-X Japan, the proprietary trading system operated by Chi-X Global, has reported another rise in trading volumes in January 2011, after a solid start to the year for Japanese equities overall.

Exchange operator NYSE Euronext has inflamed relations with other trading venues by reducing tick sizes on its European markets from levels agreed in 2009, citing changes in the competitive landscape.