Thomson Reuters launches Turquoise data feed
Thomson Reuters, a market data vendor, has established a new low-latency direct data feed to Turquoise, the multilateral trading facility set up by nine investment banks.
News
SPS rolls out Charles River IMS to first hedge fund client
Sanlam Prime Services (SPS), a South African prime brokerage firm, has deployed financial provider Charles River’s Investment Management System (IMS) at the GenX Statistical Arbitrage Hedge Fund, one of its hedge fund clients.
Raiffeisen uses Orc solution to offer DMA in Romania
Austrian bank Raiffeisen Centrobank has chosen Orc DMA for Brokerage, a solution from trading technology and connectivity provider Orc Software, to enable it to offer direct market access (DMA) for its clients to Romania’s Bucharest Stock Exchange.
Buy-side still struggling with fragmented post-trade data – IMA
Delayed and fragmented post-trade data under MiFID is still making life difficult for the UK’s buy-side traders despite greater awareness of the problem, according to Guy Sears, director of wholesale at the Investment Management Association (IMA), a UK buy-side trade organisation.
More short selling controls imposed as turmoil spreads
Following last week’s bans on short selling imposed by several regulators, including those in the US, UK, Switzerland, Belgium, Ireland and Canada, several other countries have now followed suit.
Equiduct sets modest 2010 market-share target
Equiduct Trading, a pan-European equity exchange, is hoping to achieve a market share of 2-4% in all its traded instruments by 2010.
Obstacles remain to effective DMA in India
There is still work to be done before the full potential of direct market access (DMA) trading in India can be realised, according to Asian electronic trading solutions provider Tora Trading and global bank Morgan Stanley.
Further Italy delays vex clearers and MTFs
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.
Alternative UK equity price source ‘at advanced stage’
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.
Europe welcomes third full-service MTF
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.