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.
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.
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.
Associations representing investment firms, banks, regulated markets and investors have voiced concerns about the implementation of MiFID’s best execution provisions and the level of competition between trading venues in response to a European Commission questionnaire.
Burgundy, a multilateral trading facility for listed Nordic securities scheduled for launch in the first half of 2009, has added Danish firm Danske Bank to its consortium of shareholders.