News

Renaissance Capital, an investment bank for emerging markets, has expanded its Asian ambitions by opening its first office in Hong Kong, focused on the metals and mining sector.

Oslo-based First Securities has selected Fidessa’s Software as a Service (SaaS) sell-side trading platform.

When MiFID initially outlined best execution, it was a hazy concept. Execution has many parts and their importance changes for each trade. This has left the concept driven more by due diligence than by contractual obligation. Perhaps the contracts are unnecessary.

GETCO, a Chicago-based electronic market making and technology firm, has launched a European version of its dark pool.

Pipeline Trading Systems, a US-based buy-side only crossing network operator, has launched Alpha Pro in the US and Europe, a tool designed to help traders tailor their trading process from pre-trade analysis to execution performance monitoring.

Senators have voted through a compromise to the financial reform bill that would toughen up proposed limits on proprietary trading for deposit-taking banks in the US.

The Australian Securities Exchange’s new block trading service was scheduled to go live on 28 June with 23 participants.

IXE Financial Group, one of the larger broker-dealers on the Bolsa Mexicana de Valores, has hooked up to the SunGard Global Network through SunGard’s GL Win trading station.

Chi-Tech, the technology unit of market centre operator Chi-X Global, has made its trading venue connectivity network and managed infrastructure service MarketPrizm available to US-based firms.

Deutsche Börse has extended its range of low-latency market data products with the launch of AlphaFlash Monitor, a tool designed to give market participants instant access to macroeconomic data.