For the proposed merger of pan-European multilateral trading facilities BATS Europe and Chi-X Europe to offer long-term competition to incumbent exchanges, the combined entity must retain current levels of liquidity, implement stringent operational cost savings or diversify.
Eurex, the international derivatives exchange jointly owned by German exchange group Deutsche Börse and SIX Swiss Exchange, is to launch stock-specific equity options with weekly expirations from 24 January 2011.
Agency broker Bloomberg Tradebook has released a new equity portfolio trading algorithm which it claims is the first to help traders automate portfolio trades across all regions while remaining dollar neutral.
The European Securities and Markets Authority has become operational, following the first meeting of its board of supervisors, on 11 January 2011 in Paris.
Itaú Unibanco Asset Management, a Brazilian buy-side firm with US$128 billion assets under management, has selected software vendor Charles River to help it support algorithmic trading and reduce the errors associated with manual administration.
A new multi-asset trading venue, the Bahrain Financial Exchange, is to begin trading on 7 February 2011, following an opening ceremony on the first day of the month.
The London Stock Exchange has announced that the migration of its UK cash market to the new Millennium Exchange trading platform will take place on 14 February, following a series of setbacks that delayed the switchover last year.
Burgundy, the trading venue for Nordic stocks, has received approval from Swedish regulator Finansinspektionen to operate its market as an exchange, enabling it to broaden the range of instruments it can offer members.