News

ConvergEx Group, an agency broker and technology provider, has agreed to purchase RealTick, a multi-broker, cross-asset provider of execution management systems, from UK bank Barclays.

Direct Edge has selected a trio of high-speed offerings from technology vendors Microsoft and Informatica to support its trading platforms, reducing latency and enabling the US exchange to make substantial cost savings.

Exchange group Nasdaq OMX has boosted its technology capabilities following the completion of a deal to purchase FTEN, a supplier of real-time risk management solutions.

Agency broker and technology supplier ITG has acquired the Clearvoyance settlement aggregation software from systems vendor ESP Technologies.

The key to launching a successful regional trading facility in Asia is in the post-trade arrangements, says Andrew Freyre-Sanders, global head of client electronic execution for equities at Royal Bank of Scotland.

The Australian Competition and Consumer Commission has cleared the potential merger between the Australian Securities Exchange and the Singapore Exchange after examining the potential impact of Chi-X Global on the deal.

Correlix, which provides latency monitoring, measuring and analysis of order and market data flows, has named Daniel Connell as its new chief executive officer.

The Securities and Exchange Board of India (SEBI), the country's securities regulator, has clarified that smart order routing (SOR) between the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) is not restricted to particular order types.

According to a new report by agency broker ITG, buy-side firms choosing high-touch sales trading desks for small and medium-sized orders experience poorer trading performance than those that opt for low-touch, i.e. algorithmic or direct market access, execution strategies.

Access to Canadian equity and debt markets is being made easier through technology-led initiatives from Omega ATS and exchange group TMX.