News

Apama launches futures spread-trading tool

Apama, the complex event processing and algorithmic trading division of Progress Software, has launched a futures spread-trading application in association with FFastFill, a provider of derivatives trading technology provider.

Shanghai bourse plans block trading data system

China’s Shanghai Stock Exchange (SSE) is planning to launch an information system to facilitate trading in its block execution market, according to an interview with Geng Liang, governor of the SSE, in Shanghai Securities News, a Chinese financial newspaper.

US equity markets defy volume expectations

US equity trading volumes increased by half in the first two months of 2009, despite widespread falls in asset prices and higher investor redemption levels, according to research from Credit Suisse Advanced Execution Services (AES).

NYSE Arca Europe bucks maker-taker pricing trend

NYSE Arca Europe, a displayed pan-European multilateral trading facility (MTF) created by exchange group NYSE Euronext, started trading today and will offer free trading until April as part of a three-week-long launch promotion.

ICE starts clearing US credit default swaps

ICE US Trust, a New York limited liability trust company owned by US futures exchange group IntercontinentalExchange (ICE), has started clearing and processing credit default swap (CDS) index transactions in the North American Markit CDX indices.

Calling time on VWAP?

While the volume-weighted average price (VWAP) algorithm has been a mainstay of the buy-side’s trade execution arsenal for many years, it appears many traders are now turning their backs on an old favourite. Algorithm providers are reporting a sharp decline in their clients’ usage of VWAP tactics.