News

Chi-X Europe, the pan-European multilateral trading facility (MTF) has published its trading statistics for the second quarter of 2010.

Global multi-asset brokerage Newedge has promoted Nicolas Breteau to the position of CEO, replacing outgoing head Patrice Blanc.

The Dubai Financial Services Authority, regulator of the Dubai International Financial Centre, has given approval for stock exchange Nasdaq Dubai to migrate its trading onto the trading platform of Dubai Financial Market (DFM), the emirate's principal stock exchange.

NYSE Technologies, the commercial technology unit of exchange group NYSE Euronext, has launched an internet-based virtual private network (VPN) option for customers that want to connect to its Secure Financial Transaction Infrastructure (SFTI).

Members of the Federation of European Securities Exchanges (FESE), the trade body that represents 52 stock exchanges, have made a series of commitments to improve the quality of their post-trade data.

Information and analysis provider Bloomberg Professional Services has extended its Bloomberg Valuation Service (BVAL) to cover over-the-counter derivatives.

Citi has made three new hires to its European equity derivatives index team as it continues to redefine its equities sales capabilities and trading platform in the EMEA region.

Standard & Poor’s, a provider of financial market intelligence, announced yesterday that ISIDPlus, a cross-reference securities identifier service favored by asset managers, has expanded its data universe to include more than one million issues globally. ISIDPlus’ data expansion will enable financial institutions to increase their coverage of financial instruments and corresponding information, providing complete and transparent insight into financial data for more informed decision-making, according to Standard & Poor's.

The market share of traditional exchanges in Europe continued to suffer in the first half of 2010, as multilateral trading facilities (MTF) enticed order flow away with attractive price models and high-speed matching.

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.