News

Alpha, the alternative trading system (ATS) launched last Friday by a consortium of Canadian brokers, grabbed 36.24% of overall volume in ten blue-chip Canadian stocks on its second day of trading.

Recent month-on-month falls in the market share of Direct Edge, a US equities trading platform, are a temporary blip, according to CEO William O’Brien.

The Dubai International Financial Exchange (DIFX) is to lengthen its trading day and open on Sundays, to bring its trading hours in line with other regional exchanges.

UK telecoms firm British Telecommunications (BT) has launched its Radianz Ultra Access connectivity service in Chicago.

Ballista Securities, operator of the new Ballista ATS for block options and delta neutral orders, has started live trading on its platform.

Patsystems, a provider of derivatives trading solutions, has released AlgoServer, an algorithmic trading tool through which brokers can develop and distribute their proprietary execution algorithms to customers.

Hsieh Fu Hua, CEO of the Singapore Exchange (SGX), has outlined provisional clearing and settlement arrangements for a pan-Asian stock exchange.

Chi-X, a European multilateral trading facility, could follow the lead of some its rivals by considering the introduction of a competitive clearing model.

Bulge-bracket brokers are morphing the accepted perception of dark pools by using their own internal non-displayed venues for more than just large ‘block’ trades, according to Justin Schack, vice president of US boutique brokerage Rosenblatt Securities.

Pan-European trading platform Turquoise’s market share of the 310 stocks trading in its integrated market hit 5.36% on Friday 7 November, beating its forecast of achieving 5% by year-end.