SIX Swiss Exchange and Liquidnet, the buy-side block trading market, have signed an agreement allowing SIX Swiss Exchange members and Liquidnet's buy-side participants to execute large block trades with one another in both Swiss and other European equities.
Bolsa de Valores de Colombia and Peru's Lima Stock Exchange have signed a memorandum of understanding with the aim of merging their markets by the second half of 2011.
Efforts to resurrect the Hong Kong Stock Exchange's closing auction session, the lack of which has resulted in added costs for fund managers, are long overdue and should be brought to fruition as the exchange moves into the second year of its Strategic Plan 2010-2012, market participants say.
With the consultation by the Australian Securities and Investments Commission on the country's equity market structure drawing to a close, proposals for a size limit on dark pool orders and the tiering of block trades may attract most attention, says Will Psomadelis, head of trading, Australia at Schroders Investment Management.
The Financial Stability Oversight Council, the US supervisory body created by the Dodd-Frank Act, has unveiled tough new guidelines to ensure banks do not engage in proprietary trading and limit their investment in the hedge funds or private equity funds.
The Singapore Exchange has confirmed that its new S$250 million (US$195 million) trading platform SGX Reach, developed by exchange group Nasdaq OMX, will go live on 15 August 2011.
Data vendor and information services provider Thomson Reuters has introduced 500 new equity indices aimed at the Middle East markets, including indices from the equity markets of Bahrain, Kuwait, Oman, Qatar and the UAE.