Nasdaq OMX has challenged moves by other exchange groups towards a vertically-integrated model of stock exchange and clearing house, urging investment from other trading venues into central counterparty EMCF.
Retail-focused pan-European trading venue Equiduct will offer a 0.2 basis-point rebate for aggressive order flow on its lit order book and levy no charge for passive orders until the last trading day of December 2010.
IPC Systems, a trading connectivity provider, has upgraded its pan-Asian trading network in an effort to better support institutions trading in the region.
Pan-European central counterparties (CCPs) and regulators have finally reached a resolution that could see interoperability between CCPs before the end of the year.
The Johannesburg Stock Exchange's (JSE) equity derivatives market has introduced maker-taker pricing in a billing model change launched by the exchange on 5 July 2010.
Finamex, a Mexico-based broker-dealer, has implemented proximity direct market access (DMA) services for trading on the Bolsa Mexicana de Valores (BMV), the domestic Mexican stock exchange.
Measurement of execution performance is largely ignored when asset owners assess the performance of their managers. Although heads of desk would welcome a better appreciation of the value execution can provide, unreliable data currently makes this a challenging task.
Daiwa Capital Markets, the investment bank division of Japanese financial services firm Daiwa Securities Group, will purchase the global convertible bonds and Asian equity derivatives businesses of Belgian bank KBC Group.