The London Stock Exchange has postponed its platform upgrade to early next year after customers were disconnected from its multilateral trading facility (MTF) Turquoise in “suspicious circumstances” during morning trading on 2 November.
High-frequency trading is expected to continue its rise in Europe over the next year, but buy-side traders still seem to be unsure about its effect on the quality of liquidity.
RBC Capital Markets, a branch of Royal Bank of Canada, has hired Mark Sartori as head of European trading and sales trading and Calum MacInnes as head of European sales.
Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, has experienced a two-hour outage, with trading shut down from 08.31 to 10.37 UK time on 2 November on both the venue's integrated order book and its mid-point dark order book.
US-based institutional broker Concept Capital has appointed Patrick J. Gallagher, former founding partner of BDR Research, to its capital markets division as head of institutional sales.
Brazilian broker Alpes has signed a deal with trading technology supplier Orc Software, enabling its clients to use Orc's low-latency trading infrastructure to execute their trading strategies.
Institutional clients of agency broker Instinet Europe can now access Equiduct Systems' HybridBook pan-European trading platform, following the successful completion of testing.
The security of trading OTC derivatives via exchanges and central counterparties could increase buy-side use, but equally the additional costs needed to make the model work may prove prohibitive.