Index provider FTSE Group will use data from Markit BOAT, the pan-European cash equity trade reporting venue, in its review process to assess stock liquidity.
The London Stock Exchange has signalled its intention to phase out its current UK equities clearing and settlement providers, LCH.Clearnet and Euroclear, in favour of post-trade capabilities acquired with Borsa Italiana in 2007, notably CC&G, the Italian clearing house.
TradingScreen, a buy-side trading solutions provider, is to release a new version of its broker-neutral, multi-asset TradeSmart execution management system that has been adapted to meet the needs of today’s low latency, high frequency trading environment.
Technology provider SunGard has launched new connectivity services that enable its clients to trade on Brazilian securities, commodities and futures exchange BM&F Bovespa.
Global broker J.P. Morgan has added two new functions, AlgoX and FX Options, to its MorganDirect proprietary foreign exchange (FX) and rates trading platform.
Trading platform operator and technology provider Chi-X Global has hired three executives to its Asia-Pacific management team, including a region-wide CEO, and is seeking a licence to set up a trading platform in Japan.
US-based exchange operator BATS Global Markets currently has two new US exchanges in the works, but will soon turn its attentions to its next move, possibly away from home territory, according to Randy Williams, the firm’s vice president of US sales and communications.
The European Commission has adopted draft legislation to create a new European Systemic Risk Board (ESRB) to identify risks to the European financial system and act as an early warning system for risks that require a rapid response.
Last week, the US Securities and Exchange Commission (SEC) issued proposals to ban so-called flash order types on the basis that they benefit certain traders to the detriment of others. But market observers warn that further efforts to stamp out market inequalities could have unintended consequences.
NYSE Arca Europe, the pan-European multilateral trading system operated by exchange group NYSE Euronext, has added a further 334 large and mid-cap stocks, bringing the total number of names in which it offers trading to 794.