The Committee of European Securities Regulators' proposals to make broker dark pools more transparent will not create a level playing field between trading venues, according to buy-side crossing network Liquidnet.
French banking group Société Générale's Corporate and Investment Banking unit is expanding its electronic trading service with the addition of a new liquidity-seeking feature to its Quantitative Electronic Services division.
The business model for multilateral trading facilities appears to be paying off, with both BATS and Turquoise expecting to join Chi-X Europe in turning a profit within 18 months.
Buy-side technology provider ConvergEx Group is expanding its recently acquired prime brokerage services business, NorthPoint Trading Partners, with four new hires.
The Stock Exchange of Thailand has committed to facilitating greater levels of algorithmic trading on its market, after reporting a significant rise in electronic trading flow during the first half of 2010.
As the largest South American economy, Brazil has long been seen as a source of investment opportunity and commodities. By rolling out new matching and connectivity technology, local firms are now opening a direct route to the equities market for overseas players.
Canadian alternative trading system Omega has reported an increase in its average daily volume to 3,476,495 trades in July 2010, from 508,200 in July 2009.