News

Trading on Chi-X Europe increased in the stocks affected by the London Stock Exchange’s partial outage on the afternoon of Monday, 9 November, but opinions have contrasted sharply on whether this represents a significant step forward for the pan-European multilateral trading facility.

Barclays Capital, the investment banking division of Barclays Bank, has appointed Kevin Ho as managing director and head of futures in the Asia-Pacific region.

Ned Phillips has resigned from his position as CEO of BlocSec, a non-displayed trading platform owned by pan-Asian broker CLSA.

The global equities division of Swiss-based investment bank UBS has launched algorithmic trading capabilities in Brazil for its international clients.

The London Stock Exchange (LSE) has become the first European bourse to offer currency-based exchange-traded commodities (ETCs).

The Singapore Exchange has revised the date for implementing a new settlement process after a glitch forced it to delay the project.

Nasdaq OMX Stockholm, the Swedish bourse operated by exchange group Nasdaq OMX Nordic, is to increase its Norwegian stock universe and introduce central counterparty (CCP) clearing for all Norwegian equities.

Nasdaq OMX Europe, the multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will increase tariffs next month for routing passive orders to primary exchanges in a bid to encourage more passive liquidity to remain on its platform.

Interdealer broker ICAP’s nascent equities execution business, which launched 18 months ago, is aiming to pull itself out of the boutique space and become the world’s leading agency broker, according to Daryl Bowden, the unit’s co-CEO of Europe and Asia.

US regulator the Securities and Exchange Commission (SEC) has appointed a new director to its Division of Trading and Markets.