News

Singapore Exchange (SGX) has admitted Fortis Bank Global Clearing (FBGC) as a clearing member of its securities market and as both a clearing and trading member of its derivatives market.

German exchange group Deutsche Börse has unveiled the pricing schedule for Xetra International Market (XIM), its pan-European trading segment, which is due to launch in November.

Albert Fried & Company (AFCO), a US self-clearing broker dealer, has formed a joint-venture trading technology company with Bon Trade Solutions, a provider of electronic trading tools and market connectivity.

US exchange operator BATS Global Markets has unveiled plans to launch a second US equities exchange in early 2010 called BYX.

High-frequency trading could soon become as powerful a force in other asset classes as it already is in US equities, according to new research from consultancy TABB Group.

Regulatory bodies in the US and UK have agreed to explore common approaches to reporting and other regulatory requirements for market participants such as hedge funds and their advisors.

Chi-Tech, the technology services unit of trading platform operator Chi-X Global, has signed an agreement to use IBM’s high-speed messaging technology, enabling it to reduce latency and increase capacity for clients.

Turquoise, a bank-backed multilateral trading facility that recently put itself up for sale, has said its TQ Lens aggregation service will help it to tap in to the lucrative OTC (over the counter) cash equity market and give sell-side members access to latent liquidity.

The London Stock Exchange Group has acquired MillenniumIT, a Sri Lankan technology services provider, as a first step to replacing its TradElect platform with a “highly scalable and very low latency” multi-asset trading system.

Members of the Toronto Stock Exchange can now co-locate their trading applications in the exchange operator's TMX data centre, in a bid from the exchange group to tap into the growing high-frequency trading market.