Deutsche Börse to cut jobs amid tough conditions
German exchange operator Deutsche Börse is planning to shed part of its workforce across the group, including derivatives bourse Eurex and post-trade business Clearstream.
News
CLS/ICAP venture to cut FX post-trade burden “by 90+%”
The CLS Aggregation Service (CLSAS), a joint-venture post-trade netting system for over-the-counter foreign exchange trades developed by FX settlement provider CLS Group and a unit of interdealer broker ICAP, has gone live.
BATS sets date for options launch, amends routing fees
US bourse BATS Exchange has received regulatory approval from the US Securities and Exchange Commission (SEC) to launch its proposed options platform and plans to go live before the end of February.
Fidessa launches high-speed Korean gateway
Trading technology and connectivity provider Fidessa is offering faster access to Korea’s equities and derivatives markets via a linkage to Koscom's PowerBase NFS, a new high-speed interface to the Korean exchange.
Tora links trading platform to ConvergEx OMS
Tora, a provider of trading technology to the Asian markets, has integrated its Compass trading platform with Eze OMS, the order management system supplied by US-based agency broker and trading technology provider ConvergEx.
Interactive Data improves latency for high-speed traders
Market data and analytics provider Interactive Data has upgraded its client site processor (CSP), which it claims will improve financial messaging processing performance by 70%
Pipeline brings options to US buy-side traders
US agency broker and block crossing system operator Pipeline has added a block equity options crossing capability to its order control system for the buy-side.
Winterflood expands reach of smart order routing hub
Winterflood Securities has established two new connections to its Win-X service, which grants clients access to the broker’s internal liquidity or direct market access (DMA) service via FIX to external UK and European trading venues using its smart order router.
Still greater light must be shed on dark volumes, say buy-side
European buy-side traders have welcomed recent steps by brokers to provide more transparency on dark pool trading activity, but more accurate real-time post-trade data remains a distant aspiration.
Malaysian and Bahraini bourses join forces for Islamic products
Exchange groups Bursa Malaysia and the Bahrain Financial Exchange (BFX) have signed a memorandum of understanding to develop a commercial agreement for the provision of financial products to Islamic market participants and strengthen bilateral ties.