News

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.

Nasdaq Dubai has admitted global broker Bank of America Merrill Lynch as a general clearing member for its equity derivatives market, the continuing growth of which it claims will boost liquidity across the entire bourse.

The value of assets invested in exchange-traded funds and exchange-traded products is expected to increase by 20-30% annually over the next three years, reaching US$2 trillion by early 2012, according to a study carried out by investment management firm BlackRock.

How does the European Commission propose to regulate automated and high-frequency trading in its MiFID II consultation?

Market participants are divided over the likely fate of dark pools in 2011, according to the results of the January poll on theTRADEnews.com.

Execution technology provider ConvergEx has reported record growth in its American depository receipt trading (ADR) owing to increased availability of instruments.

Trading technology provider Bloomberg Trading Solutions has launched Bloomberg Hedge Fund Tool Box, a platform which offers fund managers and traders tools for a range of front- and back-office functions.