The Australian Stock Exchange (ASX) has repealed the 10-second rule for crossing Australian stocks, thereby removing a key barrier to continuous crossing services.
The US’s major exchanges have adopted a standard set of rules for cancelling ‘clearly erroneous’ stock trades – those which deviate so substantially from current market prices that they are deemed to be mistakes.
Market data and trading technology vendor Bloomberg has expanded the FX Auctions functionality of the Bloomberg Professional terminal, it’s electronic trading, news and analytics platform, to include FX spots and forwards.
Tokyo Stock Exchange (TSE) has successfully launched Tdex+, an electronic options trading platform based on technology from global exchange group NYSE Euronext.
With the ratification of the Lisbon Treaty of 2007 very much a live topic across Europe following Ireland’s referendum last week, it is worth noting that European financial regulation over the past decade can also trace its roots to a summit held in the Portuguese capital.
Fidessa, a provider of trading technology to buy- and sell-side firms, has announced that Citadel Securities, a broker and market maker, has joined its global connectivity network.
Data vendor Thomson Reuters has teamed up with Savvis, an internet infrastructure provider, to launch a series of new data centres that will allow clients host trading applications within them.
Demand from the buy-side for risk prices to support equity trades has risen more strongly than the sell-side’s ability – or willingness – to supply it, the latest monthly poll on theTRADEnews.com has found.
Agency broker Instinet has announced the full launch of BLX, a non-displayed US block equities trading platform that combines continuous execution with point-in-time crossing, which has been in soft launch mode since the end of April.