The restrictions imposed on short-selling financial stocks in the United States from 19 September to 8 October contributed around 20 basis points (bps) to the wider spreads experienced by affected stocks during the ban period, according to research by Credit Suisse’s Advanced Execution Services (AES) division.
The Australian Securities and Investments Commission (ASIC) has placed an indefinite ban on naked short-selling and imposed stringent new disclosure laws for investors holding short positions.
Financial data firm Interactive Data Corporation has agreed to supply international real-time data to Mubasher, a provider of real-time market data and direct market access services across the Middle East.
The London Stock Exchange (LSE) is evaluating proposals from several firms to provide technology to Baikal, its dark pool, after the collapse of Lehman Brothers in September prompted the exchange to abandon partnering with a single broker.
The London Stock Exchange (LSE) has said it can solve the market data fragmentation problems that have plagued the buy-side community since the introduction of MiFID.
Charles River Development, a financial software and services provider, has added 13 specialised Australian brokers to its global real-time electronic trading network.
Burgundy, a multilateral trading facility for Nordic equities, will offer its members new functionality yet to be seen in the region, according to CEO Olof Neiglick.
Exchange group NYSE Euronext has delayed the launch of its pan-European MTF NYSE Arca Europe and its dark book Smartpool until January 2009, following consultation with its clients.