In today’s volatile trading conditions the useful life of quant-driven automated trading strategies has become shorter, according to John Bates, founder and general manager of the Apama division of Progress Software.
Hedge funds and traditional asset managers in North America will spend as much as $305 million on low-latency options trading infrastructures in 2011, up from $253m in 2008, according to estimates by Tabb Group, a research firm.
Bid-ask spreads widened and trading activity concentrated around the market open and close for large European equities following restrictions on short-selling of financial stocks, according to an analysis by Credit Suisse Advanced Execution Services.
Exchange group Nasdaq OMX and Fortis Bank Nederland are hoping to transform the European Multilateral Clearing Facility (EMCF) into Europe’s dominant clearing house for cash equities.
A direct strategy for dealing with new rivals is required by the London Stock Exchange (LSE) if it is to remain successful in the face of competition, according to new research from analysts at Citi.
BATS Europe, a pan-European multilateral trading facility, has completed conformance testing with agency broker Instinet Europe and received FSA approval ahead of its launch at the end of this month.
Exchange group Nasdaq OMX has unveiled plans to revamp its Nordic equities platforms, including a 22% stake in Fortis’s European Multilateral Clearing Facility (EMCF).
Vhayu Technologies, a provider of enterprise tick data solutions, has partnered with Alphacet, a software provider, to create an integrated tick database and alpha generation solution.
Investment Technology Group (ITG), an agency-brokerage and technology firm, has introduced a new crossing time for its POSIT Match network, allowing traders to target block liquidity at one of the most illiquid times of the day.
Exchange group Nasdaq OMX is planning to launch a US equities clearing and settlement service next year, pitting it against the Depository Trust & Clearing Corporation (DTCC) and introducing competition into the post-trade space for US equities.