The financial supervision package, the regulation that establishes new European Supervisory Authorities including the European Securities and Markets Authority, has been signed into law by Jerzy Buzek, president of the European Parliament, and Olivier Chastel, Belgium's state secretary for European Affairs.
UK-based trading technology provider Fixnetix is now providing low-latency proximity services for trading firms wishing to access European trading venue the SIX Swiss Exchange.
The custody division of Citibank has been appointed to issue unsponsored level 1 Brazilian depository receipts on the Brazilian equities and derivatives exchange BM&F Bovepsa, from 29 November.
UK regulator the Financial Services Authority has set out its plans for managing high-frequency trading flow as it endeavours to keep pace with the evolving market structure in Europe.
The Asian Association of Independent Research Providers has launched to promote research independence in Asia and enable research providers and execution-only brokers to compete on more even footing with the full-service investment banks.
Market participants have welcomed moves by trading venues Hong Kong Exchanges and Clearing and the Tokyo Stock Exchange to lengthen trading hours, although it remains to be seen if these will result in higher volumes.
Exchange group Deutsche Börse has confirmed that it will stop floor trading on the Frankfurt Stock Exchange, in favour of the Xetra specialist model for shares and bonds, from May 2011.