Two providers of trading services – US options exchange International Securities Exchange (ISE) and US-based online market-maker FX Solutions – have extended their foreign exchange offerings.
Agency broker Instinet Europe has hired Alexandra Foster as head of UK sales with effect from October. Foster joins from BNP Paribas, where she was head of UK sales, global execution services.
Restrictions on hedge funds and banks’ proprietary trading operations, as envisaged by the European Commission’s proposed Directive on Alternative Investment Fund Managers and the UK Financial Services Authority’s Turner Review, could limit the supply of liquidity in Europe’s equity markets, say market observers and participants.
Trading technology vendor Realtime Systems (RTS) has released a FIX 5.0 gateway designed to allow large sell-side clients to route and execute orders using the firm’s algorithmic trading solution, RTD Tango.
Douglas Ferrans, a former chairman of Insight Investment Management, a subsidiary of Lloyds Banking Group, is to replace Robert Jenkins as chairman of the Investment Management Association (IMA) at the end of 2009.
New York senator Charles Schumer, who wrote to the US Securities and Exchange Commission (SEC) last Monday urging a ban on so-called flash order types, said commission chairman Mary Schapiro has pledged to fulfil his wishes.
BNP Paribas FIN’AMS, the buy-side dealing desk of the BNP Paribas banking and financial services group, has gone live with Fidessa LatentZero’s order and execution management system, Minerva OEMS.
Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by exchange group Nasdaq OMX, will start routing to non-displayed liquidity venues, including its own NEURO Dark platform, from 10 August.