News

Attempts to improve the transparency of trading volumes in broker-owned crossing networks in Europe appear to need greater coordination following the publication of dark pool data for June 2010.

Two of the largest European exchanges have partnered with Asian counterparts to expand investor access to overseas securities.

Goldman Sachs has launched a clearing service for OTC derivatives, building on its existing prime brokerage and futures clearing platforms.

Responses to a consultation on short selling held by the European Commission (EC) have backed the disclosure of short positions to regulators but warned against public disclosure.

Reponses to the European Commission's public consultation on the Market Abuse Directive, the directive designed to harmonise the regulatory approach to market manipulation and insider dealing in Europe, are expected to be published before 10 August 2010.

French online retail broker Bourse Direct has signed up to trade on Equiduct, a pan-European retail-focused trading platform.

Global exchange group Nasdaq OMX has agreed to purchase market surveillance firm SMARTS Group and plans to use the acquisition to keep in tune with recent regulatory initiatives to improve monitoring of trading activity.

Bank of America Merrill Lynch has extended its exchange-traded fund specific algorithm to clients.

Multilateral trading facilities have grown their overall market share in Europe through trading of mid-cap stocks and minor indices during the second quarter of this year.

International investment bank Credit Suisse has launched a low-latency direct market access service in Singapore.