The Australian Securities and Investments Commission, Australia’s securities regulator, has chosen technology firm SMARTS’ Integrity Platform surveillance system to help it detect abusive trading practices.
Global banking group Citi has launched a version of its Citi Match internal crossing engine in Japan. The firm already operates Citi Match in the US, Europe, Hong Kong and Australia.
FIX Protocol Limited, the developer of the FIX financial messaging standard, has released the first official version of its algorithmic trading definition language (FIXatdl), which it claims will significantly decrease the time and cost of implementing new execution strategies.
Research and advisory firm TABB Group has hired Will Rhode as a research analyst in its London office, reporting to Miranda Mizen, head of European research.
Liquidity fragmentation in Europe’s major equities indices continued in February, and became more noticeable in more indices, according to the February ‘Market Indicators’ report published by agency broker CA Cheuvreux in conjunction with transaction cost analysis provider TAG.
Users of the RealTick multi-broker electronic trading platform can now execute trades in the European, Asian and the US markets with Nomura following the addition of the Japanese bank’s latest electronic US equity trading products to its platform.
Pan-European clearing house EuroCCP has introduced a new billing feature that presents clearing fees in the same format as those for execution, allowing customers to calculate their total cost of trading, clearing and settlement more easily.
Multilateral trading facility Chi-X Europe has implemented data vendor Thomson Reuters’ pan-European low-latency direct feed, pricing and reference data service to benchmark its trading performance against other trading venues in Europe.
Interdealer broker ICAP has axed its integrated full-service agency cash equities offering in Europe and Asia following a strategic review of the business.
NYSE Euronext is to use financial data provider Bloomberg’s open source securities identifier codes for New York Stock Exchange-listed companies in all the exchange group’s data products globally.