News

Markit, a market data provider, has launched Markit MSA, a service that ranks brokers by their European equity trading activity, both on and off order book.

RP Capital Group, a UK-based multi-strategy hedge fund, has implemented software firm Eze Castle’s Eze order management system (OMS). Eze Castle is a subsidiary of agency broker BNY ConvergEx.

Norway’s Oslo Børs has agreed on a strategic partnership with the London Stock Exchange (LSE) to increase its competitiveness in the Nordic region.

Burgundy, a multilateral trading facility for Nordic stocks, has added DnB NOR, a Norwegian bank, to its list of shareholders.

Credit Suisse Advanced Execution Services (AES), the bank’s algorithmic trading arm, is expected to escape much of the impact of plans to axe 5,300 jobs.

Investment Technology Group (ITG), an agency brokerage and trading service provider, has launched its commission sharing arrangement (CSA) programme in Asia-Pacific, to help buy-side firms embrace best execution in the region.

US buy-side firms directed more order flow to sell-side brokers’ sales traders in response to recent equity market volatility, a new Tabb Group report claims.

Agency broker and technology provider BNY ConvergEx has connected its Dark Desk, a trading desk for non-displayed liquidity, to BIDS, an alternative block trading system (ATS) for US equities.

Fidessa, a market data and trading solutions provider, has added three new execution algorithms to its BlueBox strategies suite in Canada.

BNY ConvergEx Group, the global agency brokerage and technology provider, has released a new order type that actively sweeps available displayed sources of liquidity before posting the remaining balance across multiple dark pools.