Investment bank Brown Brothers Harriman (BBH) has named Robert Lees head of securities lending trading and Richard Meek head of securities lending relationship management for the Asia-Pacific region – both based in BBH’s Hong Kong office.
The exchange council of the Frankfurt Stock Exchange, the main regulated market of German exchange group Deutsche Börse, has resolved to abolish ‘lead-broker’-based trading in equities and fixed income securities from 28 March 2012.
Exchange group NYSE Euronext has teamed up with trading analytics provider William Ryan Group to provide New York Stock Exchange (NYSE) floor brokers with a new transaction cost analysis technology platform.
While most market participants clearly find the idea of deposit-taking institutions funding potentially risky trading strategies with client money difficult to stomach, almost half of respondents to the latest TRADE Poll consider an outright ban on banks’ proprietary trading activities equally unpalatable.
Market data firm Markit plans to reduce the delay on free data from its BOAT European over-the-counter equities trade reporting and data service to 15 minutes from 1 June.
The European Commission’s 2010 review of MiFID will take into account high-frequency trading and other market developments that have increased in influence since the directive’s introduction, a Brussels official confirmed yesterday.
ConvergEx Group, a trading technology and execution services provider, has made its commission management technologies and soft dollar services available to clients of its NorthPoint prime brokerage business.
Progress Software has teamed up with fellow financial software provider Statistical Research Laboratory to launch a complete trading technology solution for brokers and hedge funds.
Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, has expanded the coverage of its TQ Lens liquidity aggregation service by adding UK stocks.