News

FIX Flyer, a trading solutions provider, has launched its commission sharing arrangement (CSA) platform, Flyer CSA, and is now in production with a major broker and its buy-side clients.

TradingScreen, a provider of execution management systems (EMSs) to the buy-side, has launched a direct connection to CBX Asia, an alternative trading system for Japanese and Hong Kong equities operated by agency broker Instinet.

Trading technology provider Fidessa has added the BlueBox algorithmic trading system to its hosted Asian platform for brokers. The system will initially be available in Hong Kong and Singapore. BlueBox has been available in Japan since 2007.

The combined broking operation formed from the merger of Bank of America and Merrill Lynch is allowing US clients to choose which firm’s direct market access (DMA) platform they wish to use.

UK financial regulator The Financial Services Authority (FSA) is proposing to extend a rule requiring the disclosure of ‘significant’ short positions in UK financial stocks indefinitely beyond its 30 June expiry date.

While most buy-side traders would agree on the importance of achieving best execution, there appears to be no consensus on how best to monitor execution performance according to the results of theTRADEnews.com's latest poll.

Corvil, a provider of electronic data and market data latency management systems, has launched version 5.1 of its CorvilNet latency management solution and announced that agency broker and trading technology provider Neonet has signed up to use the system.

BATS Europe, the multilateral trading facility (MTF) owned by US exchange BATS, has selected market data and trading services provider Fixnetix for co-location hosting.

Following the receipt of its licence to operate in Canada in May, US agency broker JonesTrading, which specialises in block executions, is planning to push into Europe and Asia with the help of trading technology firm Fidessa.

The adoption of uniform tick sizes by trading venues across Europe would help multilateral trading facilities to compete more effectively, according to BATS Europe, a pan-European multilateral trading facility.