Realtime Systems Group (RTS), a trading solutions provider, has completed the necessary testing for it to connect to exchange group NYSE Euronext’s Universal Trading Platform (UTP) using the UTP-Direct protocol.
The Wholesale Markets Brokers’ Association (WMBA), a trade body representing interdealer brokers, has hit back at recent comments from the Federation of European Stock Exchanges (FESE) that blamed over-the-counter (OTC) instruments for the current financial crisis.
Autobahn Equity, the electronic equity execution business of Deutsche Bank, has launched a new algorithm, based on its proprietary Stealth liquidity-seeking strategy, in more than 30 markets around the world.
Swiss bank UBS has launched its Direct Execution service, which comprises direct market access (DMA) and Direct Strategy Access – a combination of DMA and UBS's algorithms – in Turkey.
Turquoise, a broker-backed pan-European multilateral trading facility, expects a drop in order flow when its market-making agreements expire in mid-March, but said this will be alleviated by improvements to its trading service.
Chi-X, a pan-European multilateral trading facility, will continue to siphon liquidity from incumbent exchanges because of its low transaction costs – up to a tenth of those charged by its competitors – according to a new study from research and advisory firm TowerGroup.
FIX Protocol Ltd (FPL), developer of the FIX financial messaging standard, has launched version 1.2 of FIX Adapted for Streaming (FAST) Protocol, its data compression standard.
Burgundy, a Nordic multilateral trading facility, and the Hong Kong Mercantile Exchange (HKMEx) have signed up to Scila Surveillance, a new market surveillance tool jointly developed by systems provider Cinnober and technology firm Scila.
QUOTE MTF, a Hungarian-based multilateral trading facility, plans to start trading on 5 June and has selected European Multilateral Clearing Facility (EMCF) as its central counterparty (CCP).
BATS Europe, a multilateral trading facility, has chosen Transaction Network Services (TNS), a communications company, to provide client connectivity services to its trading platform.