Exchange company Nasdaq OMX Group has completed its acquisition of the Boston Stock Exchange (BSE), which it will use to launch a second US equities market.
Following the London Stock Exchange’s decision to start paying rebates to those posting liquidity on its order book from today, and Börse Berlin Equiduct Trading’s decision to ditch its original plan of charging flat fees in favour of charges and rebates, maker-taker pricing is establishing itself firmly in the post-MiFID European equities market.
Neonet, the Swedish agency broker and DMA provider, will offer its buy- and sell-side clients access to pan-European MTF BATS Europe upon its launch in September.
Alpha Group, a consortium of nine Canadian brokers, has announced that its Alpha alternative trading system (ATS) for equities has received regulatory approval, ahead of its scheduled launch on 26 September.
Turquoise, the multilateral trading facility launched on 15 August, has said its 13 offered markets have completed their settlement cycles, with effective settlement occurring in each.
Impax Asset Management, an investment house that specialises in environmental projects, has selected three products from trading technology firm Linedata Services to help manage its growth.
Morgan Stanley and Deutsche Bank have become the first investment banks to enter into swap agreements on stocks listed on the Saudi Arabian stock market (Tadawul).
A new report from research firm Aite Group has found that the use of execution management systems (EMSs) by traditional asset has substantially increased over the last two years.