News

US equities trading venue BATS Exchange has announced plans to enter the listings market, opening up a new front of competition against rival incumbent exchanges.

Former Chi-X Europe CEO Peter Randall has been confirmed as the new chief executive officer at Equiduct, the pan-European trading venue.

UK clearing house LCH.Clearnet has rolled out SwapClear, its over-the-counter (OTC) interest rate swaps clearing service, to buy-side firms.

Chi-X Global, the holding company for all Chi-X trading venues, has hired ex-Lehman executive Steven Silberstein as the firm looks to ramp up its technological capabilities.

The UK financial regulator, the Financial Services Authority (FSA), has laid out a vision for trading over-the-counter (OTC) derivatives in which standardisation and centralised clearing are preferable, but not mandatory.

An investigation by the Committee of European Securities Regulators (CESR) is expected to find that dark trading currently accounts for no more than 4% of overall European equity trading volumes.

Newedge, a global multi-asset brokerage, has hired John Fay, a former Instinet executive, as its new senior managing director and head of Americas region.

BATS Europe, the pan-European multilateral trading facility operated by BATS Global Markets, will adjust its pricing for all market participants trading on its integrated order book from next year.

Nomura’s decision to reclassify its internal dark pool as a multilateral trading facility (MTF) has reignited the debate on how broker-owned crossing networks should be governed, with observers predicting regulatory intervention or increased liquidity sharing.

Regulation that defines minimum risk requirements and standardises sponsored access arrangements is likely to hit US and European equity market participants in 2010, according to Aite Group.