US hedge funds increase equity exposure
US hedge funds are showing a renewed appetite for equities, with equity commission revenue expected to grow to US$4 billion in 2010, according to consultancy TABB Group.
News
Turquoise bids for greater passive flow
Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, has introduced a pricing promotion on its integrated order book to attract more passive flow.
BaFin imposes naked short-sale ban
German financial regulator BaFin has banned naked short selling on a selected number of securities and instruments as part of efforts to curb speculative trading in the eurozone.
Burgundy seeks exchange status to list warrants, ETFs
Burgundy, a Nordic multilateral trading facility, has applied to operate a regulated market as an exchange for listing and trading warrants, certificates, exchange traded funds and structured products.
Nasdaq OMX Europe delays closure to allow Equiduct migration
Nasdaq OMX Europe, a pan-European multilateral trading facility, has delayed the closure of its trading platform to 1 July to complete customer migration to alternative trading venue Equiduct.
SEC aims for stock-by-stock circuit breaker
The US Securities and Exchange Commission plans to introduced rules that would halt trading in individual stocks if their price moves by more than 10% in a five-minute period.
Exchanges spell out high-frequency flow
The London Stock Exchange and other leading European exchange groups have revealed to regulators the amount of high-frequency trading activity executed across their trading platforms.
Dark trading up to 71% cheaper than on exchange – ITG
A study of trading venues in Europe by agency broker and trading technology provider ITG has found that trading in dark pools can be up to 71% cheaper than incumbent domestic exchanges and 43% cheaper than multilateral trading facilities.
SEC’s plan to protect public markets rejected
US equities brokers and trading venues have united against the ‘trade-at’ rule proposed by the US Securities and Exchange Commission (SEC) in its recent Market Structure Concept Release, claiming it will stifle innovation and add to investors’ costs.
Interactive Data starts to reap rewards of 7ticks buy
Financial information and analytics provider Interactive Data has connected its low-latency data service PlusFeed to the Interactive Data 7ticks network, taking an early step to leveraging the capabilities of the recently purchased software firm, 7ticks.