News

Tora, a trading technology and financial services company focused on equities execution in Asia, plans to expand geographically following investment from Goldman Sachs.

Turquoise, the pan-European multilateral trading facility owned by the London Stock Exchange, is to become the first displayed alternative venue to trade stocks listed in Hungary and the Czech Republic.

Euroclear UK & Ireland, the UK’s central securities depository, has said it will reduce its trade-netting tariff from the start of next month, thereby reducing the cost of trading on the London Stock Exchange (LSE).

Critics of the Obama administration’s planned rule to halt deposit-taking institutions’ proprietary trading activities argue that its aim was to score political points rather than present a practical solution for avoiding future financial crises.

The Indian subsidiary of global investment bank Citi has made a slew of new hires to its equities sales and execution business.

Two execution venues have linked to low-latency networks as the demand for high-speed data and trading connectivity continues to grow worldwide.

CLSA Asia-Pacific Markets, a pan-Asian agency brokerage, is aiming to launch broking and research services in domestic Chinese shares in the second quarter of 2010 though its Chinese joint venture company, Fortune CLSA.

Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) owned by global exchange group Nasdaq OMX, has appointed Dan Smith as post-trade manager.

Agency broker Instinet has appointed four executives, including three sales traders, to its new office in Sydney, Australia, to support its aim of becoming a top 10 institutional brokerage in the country by the end of this year.

Asian buy-side firms’ use of self-directed electronic execution tools for equity trading is increasing steadily, according to a new interview-based study by research and consulting firm Greenwich Associates.