Multilateral trading facilities and pan-European clearing providers wanting to operate in Italy will now have to wait until 13 October to access the market following a delay in the Italian central securities depository’s migration to the London Stock Exchange’s TradElect trading platform.
The heads of several exchanges and trading platforms trading or planning to trade UK stocks have formed a working group to create an alternative price reference mechanism to the one offered by the London Stock Exchange (LSE), the UK’s primary equity-trading market.
Nasdaq OMX Europe, a pan-European multilateral trading facility owned by exchange group Nasdaq OMX, began trading in 25 component stocks of the UK’s FTSE 100 share index this morning.
Tradar, a software provider to the hedge fund industry, has created an interface to link its Insight portfolio management and accounting platform to Thomson Reuters’ reference and historical pricing systems.
LIM Advisors, an Asian multi-strategy investment group, has selected Fidessa LatentZero’s Capstone front-office suite to provide support to front office analytics, order management, trading and compliance.
Burgundy, the new multilateral trading facility (MTF) for Nordic securities, intends to start testing on its platform before the end of this year, and hopes to have a minimum of 20 members upon its launch, according to Olof Neiglick, the platform’s CEO.
GL TRADE, a trading solutions provider, has announced that UK investment bank NUMIS Securities is using its GL RIMS middle and back-office solution to connect to the clearing providers of the Chi-X and Turquoise, two pan-European multilateral trading facilities (MTFs).
BIDS Trading, an alternative trading system (ATS) for the US equity block trading market, has connected to trading technology firm Charles River Development’s Investment Management System.
J.P. Morgan has launched MorganDirect, a new proprietary foreign exchange trading platform that can be used from a client’s desktop or Blackberry 24 hours a day from any location.