News

BATS appoints US sales head

BATS Exchange, the US equity trading venue owned by BATS Global Markets, has promoted Joe Bracco to head of US sales and vice president.

Dark pools harming price discovery in Europe – study

The fragmentation of liquidity in Europe since the introduction of MiFID has had no material impact on the quality of the price formation process, but dark pools can cause problems with price discovery, according to new research by the CFA Institute Centre for Financial Market Integrity.

SGX to mandate short-sale reporting

Singapore Exchange Limited (SGX) and the Monetary Authority of Singapore have joined forces to make the declaration of all short-selling orders compulsory in a bid to improve market transparency.

Safe as clearing houses?

Lower clearing charges have begun to help European equity market participants to reduce their overall transaction costs, but true choice of central counterparties (CCPs) remains elusive. There are also fears that choice will come at the price of increased counterparty risk if a robust clearing and settlement directive for Europe does not set the rules for competition.

ACTIV to offer CME data via Atrium Network

ACTIV Financial, a low-latency market data distributor, is to use connectivity provider Atrium Network’s technology platform to consume and distribute data from US derivatives exchange operator CME Group.

Pipeline offers small-cap execution to the buy-side

Pipeline Trading Systems, an agency broker and operator of the Pipeline block trading system for US equities, has launched an execution management strategy for small-cap stocks, which combines block trading, algorithms and access to dark liquidity aggregators.