The Committee of European Securities Regulators has proposed to the European Commission the creation of a regulatory regime for broker crossing networks and a mandated consolidated tape of post-trade data.
Trading network Chi-X Global has launched its first trading platform in Asia, Chi-X Japan, a proprietary trading system offering trading in Tokyo-listed stocks.
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.
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.
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.