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.
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.