The London Stock Exchange has extended its relationship with low-latency trading services provider QuantHouse, to allow its exchange hosting clients to route orders to external destinations
NYSE Euronext London, the UK-based listing venue for overseas firms launched on 14 July 2010 by exchange group NYSE Euronext, has admitted it may not see its first listing until 2011.
New procedures for handling exchange outages proposed by the UK's Financial Services Authority have been broadly welcomed, but cautious buy-side firms may still be reluctant to redirect their trading flow to multilateral trading facilities in the event of a market failure.
Recently installed circuit breakers by trading venues at the behest the Securities and Exchange Commission will not be sufficient to prevent another 6 May-style 'flash crash', according to a white paper from US agency brokerage Jones Trading.
European multilateral trading facility BATS Europe has released details of two new smart order routing strategies, Parallel D and Parallel 2D, which aim to achieve best price and fastest execution respectively.
Options IT, a technology, infrastructure and connectivity provider, has added the Australian Securities Exchange (ASX) to the destinations that its hedge fund, prop trading and broker-dealer clients can access via its PIPE Velocity ultra-low-latency market connectivity service.
Chi-X Global, a trading venue operator and exchange technology provider, has confirmed that chief executive John Lowrey has taken a new role, with his position being filled by Tal Cohen, previously head of Chi-X Americas.
The European Commission will propose new legislative measures on derivatives, including credit default swaps, and short selling on Wednesday 15 September.
Middle Eastern trading venue the Qatar Exchange has migrated cash equities trading to global exchange group NYSE Euronext's Universal Trading Platform as part of an ongoing drive to transform Doha into a major global financial centre.