Pan-European trading venue Chi-X Europe has received regulatory approval from the Financial Services Authority (FSA) to offer sponsored access for clients of its trading members.
Chi-X Europe, a pan-European multilateral trading facility (MTF), reported large increases in the volume and value of trades on its platform during Q3 2008.
EMCF, the pan-European clearing subsidiary of Fortis, is now 100% owned by the Dutch government following a further structural reshuffle at the troubled banking and insurance group.
Tora Trading, an Asian electronic solutions provider, has added the Credit Suisse Advanced Execution Services (AES) algorithmic suite for index futures to its TORA Compass trading platform.
The US Securities and Exchange Commission (SEC)’s ban on short-selling financial stocks has done more harm than good, according to Arturo Bris, professor of finance at the International Institute for Management Development (IMD), a Swiss business school.
Deutsche Börse shareholder The Children’s Investment Management Fund (TCI) has called for an extraordinary general meeting (EGM) in a bid to oust Kurt Viermetz, the German exchange group’s chairman.
Swiss-based banking group UBS has said that jobs cuts announced today will affect its equities division, but not as heavily as other parts of its business.
The US Securities and Exchange Commission (SEC)’s ban on short-selling of 883 financial stocks, which was extended yesterday, has failed to prevent falling values, according to some market observers.