Competition among Europe’s central counterparties (CCPs) can offer greater benefits to market participants than the US’s largely single-clearer model, according to Marco Strimer, CEO of Swiss clearing house SIX x-clear.
Reported plans for a single eurozone clearing house for securities trades by a working group led by the Banque de France could counter attempts to unify Europe’s post-trade environment and reflects growing protectionism in the region.
The Mexican Derivatives Exchange (MexDer) has installed a new front-end solution from independent software vendor Realtime Systems Group as part of its efforts to attract more international business.
Stock exchanges in Indonesia, Singapore, Thailand, Philippines and Malaysia have signed a memorandum of understanding (MOU) to form an electronic trading link between them.
Rapid changes in the equity trading environment over the past six months have found an eloquent response in the buy-side’s shifting preferences for certain trading tools and techniques over others.
Pan-European multilateral trading facility Nasdaq OMX Europe has hired Stuart Rutherford, currently head of trading services at UK stock exchange PLUS Markets, as head of sales.
Canadian equities trading platform Alpha ATS processed trades representing more than 10% of the volume and over 16% of the value of all Toronto Stock Exchange-listed securities across all Canadian transparent marketplaces on February 18.
Two links have already been forged between European central counterparties (CCPs), and more are being worked on amid growing demand for trading platforms to have multiple clearing houses.