News

Citi loses electronic execution head to Bernstein

Toby Bayliss has resigned as head of electronic execution sales, Europe at Citi, to take up a new position at Sanford C. Bernstein & Co., the brokerage subsidiary of US-based asset management group AllianceBernstein.

BNYC selects NYFIX for FIX engine

NYFIX, a trading solutions firm, has been chosen by BNY ConvergEx’s Eze Castle Software, an OMS provider, to supply its FIX engine.

Credit Suisse launches Middle East equities platform

Investment bank Credit Suisse has launched a local equities platform in the Middle East and hired several senior staff to its equities business in the Middle East and North Africa (MENA).

FIX Protocol encourages emerging markets participants

FIX Protocol (FPL) has launched a new reduced-cost membership category that aims to encourage firms in emerging markets to become active FIX users by offering them the advantages of full membership.

SEC steps up efforts to quell price manipulation

The Securities and Exchange Commission, the US financial regulator, has increased its efforts to stamp out the deliberate spreading of false rumours to manipulate securities prices.

First DMA trade executed on India’s NSE

Asian equities brokerage BNP Paribas Securities Asia has executed the first full direct market access (DMA) order on the National Stock Exchange of India (NSE).

RTS supplies low-latency connectivity to LIFFE

RTS Realtime Systems Group, a trading solutions provider, has established low-latency connectivity to LIFFE CONNECT, the electronic trading platform of the London-based derivatives exchange.