Exclusive Quantitative Investment Management, a French quant investment firm, has selected OneMarketData, a US-based supplier of complex event processing technology, to help it build high-frequency trading strategies.
Buy-side firms have come out in support of the Committee of European Securities Regulators' recommendation for the organisation of transaction and position reporting on OTC derivatives, under the caveat that the obligation to transaction report is attached to market makers and broker-dealers.
Capital adequacy proposals in a new Financial Services Authority discussion paper on banks' proprietary trading risks could increase execution costs for their institutional investor clients.
Derivatives trading platform NYSE Liffe, a subsidiary of global exchange group NYSE Euronext, has received permission from the Hong Kong Securities and Futures Commission to provide automated trading services in Hong Kong.
French investment bank Société Générale has been fined £1,575,000 by UK regulator the Financial Services Authority for failing to provide the regulator with accurate transaction reports.
If successful, the proposed takeover of Chi-X Europe, the largest European multilateral trading facility, could significantly change the continent's trading landscape, however experience from the US suggests consolidation would not reduce competition between Europe's trading venues.