News

UK-based agency broker Olivetree Securities has appointed Steve Wood, Schroder Investment Management’s former global head of trading, as a non-executive director.

The US Securities and Exchange Commission’s approval of equities trading venue Direct Edge’s application to become an exchange will allow the company to launch new products, according to William O’Brien, the platform’s CEO.

SmartPool, the pan-European dark pool operated by exchange group NYSE Euronext, has unveiled plans to launch MatchView, a post-trade analytics and data consolidation service for non-displayed trading venues.

While displayed pan-European multilateral trading facilities (MTFs) have been vociferous in their calls to get the liquidity traded on alternative venues incorporated into stock index calculations, index providers remain unmoved.

Turquoise, the pan-European multilateral facility (MTF) purchased by the London Stock Exchange (LSE) in February, has set its sights on becoming the largest alternative trading venue in Europe by 2013.

BM&F Bovespa, the multi-asset-class Brazilian exchange, has selected technology firm SunGard as its fourth provider of direct market access (DMA).

ConvergEx, an agency broker and trading technology provider, has integrated access to the latest options execution and routing technologies from its LiquidPoint derivatives broking subsidiary into its Eze OMS order management system.

Global bank Morgan Stanley has launched MS PORT, a new multi-asset-class portfolio execution algorithm, in the US and Europe.

SMARTS Group, a provider of market surveillance tools, has completed the rollout of its SMARTS Integrity platform at pan-European multilateral trading facility BATS Europe.

RTS Realtime Systems Group, a trading solutions provider, will start implementing a new technology initiative this month aimed at enhancing the performance of its low- and ultra-low-latency offerings.