News

Market centre operator BATS Global Markets has got the go-ahead from US regulator the Securities and Exchange Commission to launch a second equities exchange.

Japanese investment bank Daiwa Capital Markets has appointed Meurig Williams as its regional head of equity for Europe and the Middle East, as part of a drive by the bank to grow its market share in the global equities markets.

Citi has confirmed that it plans to launch its internal crossing service in Singapore as the firm continues to build its electronic trading capabilities in Asia.

The Russian market has seen substantial overseas investment over the past decade, mainly accessed via the depository receipt market. But now local brokers are beginning to offer direct access, circumventing the complexities of a market infrastructure built for security rather than ease.

Pan-European multilateral trading facility Chi-X Europe has announced that it will start trading international depository receipts on its platform from next month.

Japan-based investment bank Nomura has hired Jon Block as its new head of international trading in the Americas, as part of a drive by the firm to build up its product capabilities in the US, Latin America and Canada.

Kevin Cronin, global head of equity trading at asset management firm Invesco, has told US regulators that, “There is an immediate need for more information about high frequency traders and the practices of high frequency trading firms.”

The European Commission has published responses to its public consultation on the Market Abuse Directive, with respondents expressing broad support for clarification of the rules that affect manipulation of equity markets and governance of trading venues.

FIX Protocol, the operator of the FIX financial messaging protocol, has staked a claim to become the recognised reporting format for the proposed consolidated audit trail in the US.

Investment bank J.P. Morgan has become a general clearing participant in central counterparty EuroCCP, which will enable its clients to trade and clear on all the markets covered by the clearing house.