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.
Auerbach Grayson, a US agency brokerage that specialises in global trade execution and research services, has agreed a deal with DZ Bank aimed at offering institutional clients greater access to Germany’s capital markets.
Financial markets data provider Markit has launched a new convertible bond index designed to provide investors with exposure to the broad US convertible bond market.
The Hong Kong subsidiary of Samsung Securities has gone live with a fully managed and hosted Asian trading platform from trading and connectivity solutions provider Fidessa as part of the Korean investment bank’s expansion across Asia.
Trading solutions provider RTS Realtime Systems Group is to offer low-latency data and news feeds and analytics from RavenPack to its automated and algorithmic trading clients.
Agency broker and technology provider ConvergEx has added two new products – ADR Plus and Reverse ADRs – to its electronic American depository receipt (ADR) trading suite.