ITG, an agency research broker and financial technology firm, has announced that average daily volume in its POSIT crossing network was 96 million shares in January 2011, a 26% increase over the fourth quarter of 2010 and a new monthly volume record.
The planned merger between exchange operators NYSE Euronext and Deutsche Börse will create a derivatives powerhouse, as the cash equities market declines in importance as a revenue stream.
Trading technology provider IPC Systems has extended its worldwide financial markets network infrastructure with high-speed connectivity to the Korea Exchange.
Credit Suisse Asset Management has signed a strategic agreement with India-based HDFC Asset Management Company, to facilitate access to India for international investors.
BATS Global Markets, a stock exchange operator, has signed a memorandum of understanding with Claritas, a Brazilian asset management firm, for the potential creation of a new stock exchange in Brazil.
The Australian Securities Exchange and Singapore Exchange have bolstered the governance arrangements and service commitments made in their merger proposal, following a series of meetings with stakeholders.
The extent to which capital requirements will be used to encourage central clearing of European derivatives contracts remains unclear following European Commission proposals issued last week, according to brokerage industry body.