Trading technology provider Charles River Development has added UBS Perimeter, an equities execution algorithm designed for trading on US venues outside regular market hours, to its Investment Management System (IMS).
Controversy over so-called ‘flash’ order types, where trading venues briefly display unfilled orders to select participants before routing elsewhere, flared up again in the US this week when a New York senator called for their abolition. However, some feel certain concerns about these order types apply equally in Europe, despite the structural differences between the two markets.
BlocSec, an electronic non-displayed trading venue for Asian equities owned by agency brokerage CLSA Asia-Pacific Markets, has started offering offshsore trading in Australian equities, taking the number of markets it covers in the region to four.
A row between some of Europe’s biggest exchanges and brokers over how brokers offering internal crossing services are classified under MiFID has been reignited.
Baikal, the London Stock Exchange (LSE)’s pan-European dark pool and liquidity aggregation platform, has started using UnaVista, the LSE’s generic hosted matching, reconciliation and data integration service.
The US Securities and Exchange Commission (SEC) has implemented new measures designed to protect investors against abusive short-selling, including a enhanced disclosure regime for the reporting of short-sales.
Bank of America Merrill Lynch has added four new US options algorithms to its electronic trading platform to complement its existing options and stock specific strategies.
There was a flurry of progress in the central clearing of credit default swaps (CDS) at the end of last week, as two firms announced launch dates for their European CDS solutions and one company revealed plans to launch a buy-side-tailored CDS clearing service.
In the trade execution space, there has been strong anecdotal evidence of a shift away from bulge-bracket brokers towards agency-only houses. Equally, in the equity research space, the advent of commission sharing agreements, which allow the buy-side to pay for research with commissions rather than order flow, has opened new doors for independent research providers.
Orange Business Services – Trading Solutions, a provider of electronic and voice trading infrastructure and services, has promoted Nick Brooks to the position of UK networks director to drive the adoption of its new trading network.