News

US equities bourse BATS Exchange has unveiled the price schedule for its new options platform, BATS Options, scheduled for launch on 26 February.

ConvergEx Group, a US agency brokerage and trading technology provider, has released a new equities execution algorithm, Abraxas, which is designed to help traders manage challenging market conditions and handle difficult orders.

BTIG, an institutional broker-dealer, has expanded its London sales trading team with five new hires, four of which are from rival brokerage Pali International.

Three of Europe’s major central counterparty (CCP) clearers have voiced their support for the UK, Dutch and Swiss financial regulators’ demands for more collateral to support interoperability between clearing houses.

Nasdaq Dubai, a stock exchange operating in the Dubai International Financial Centre (DIFC), has admitted brokerage SHUAA Securities to trade on its equity derivatives market.

Liquidnet, a buy-side only non-displayed multilateral trading facility (MTF), has become the first pan-European alternative venue to trade Polish equities.

Having already suffered an exodus of trading talent to boutique and agency brokers during the financial crisis, large banks could lose another wave of execution expertise if regulators impose bans on their proprietary trading activities.

If any of Europe’s exchange heads believe their trading fees are now trimmed to the bone, they had better think again, according to Alasdair Haynes, the new chief executive of Chi-X Europe.

Beta-Gamma Research, a provider of trading algorithms and automated trading software, has launched Trigger Trader, a customisable foreign exchange trading tool suite.

Brazilian stock exchange BM&F Bovespa and US derivatives bourse the Chicago Mercantile Exchange (CME) have agreed to build a low-latency multi-asset class trading platform for BM&F that will have the capacity to process transactions in less than one millisecond.