News

Liquidnet, a buy-side-only crossing network, has promoted John Barker, managing director of its European unit, to the newly-created position of head of international operations.

New York-based broker Lime Brokerage and open-source software provider Marketcetera have teamed up to offer a platform enabling buy- and sell-side firms to create and deploy their own automated equity trading strategies.

Turquoise, a broker-backed pan-European multilateral trading facility, has expanded the range of instruments on its platform with six exchange-traded commodities (ETCs).

Interoperability agreements signed between UK clearer LCH.Clearnet Limited and other central counterparties (CCPs) have come to a standstill because of objections from regulators.

US-based exchange group Nasdaq OMX has extended an exclusive discussion period with BM&F BOVESPA aimed at establishing a commercial partnership with the Brazilian bourse.

Investment bank Nomura has launched its Nomura Cross (NX) crossing network and SmartDMA routing and execution algorithm in Japan.

The Tokyo branch of BNP Paribas Securities (Japan) has replaced its general manager and chief country representative, and made a string of management changes to strengthen controls after the Japanese Financial Services Agency ordered one of its units to stop trading for two weeks.

Equity market participants across Europe struggle when trying to base their trading decisions on a full and accurate picture of European liquidity because there is no standardised data feed encompassing the best bids and offers across trading venues, or a reliable reference price. But following industry consultations, an agreement on data standards may not be too far away.

The order book segment of the London Stock Exchange’s Baikal non-displayed trading and liquidity aggregation service will launch as expected in November despite the exchange’s merger discussions with multilateral trading facility Turquoise.

Agency broker and trading technology provider ITG Europe has confirmed that former Turquoise executive Duncan Higgins will be joining the firm from January next year.