News

Connectivity and trading solutions firm GATElab has become the latest company to complete conformance testing on pan-European trading venue Turquoise.

Electronic trading solutions provider Trayport has signed a five-year agreement to provide its GlobalVision exchange trading system to Romania’s Sibiu Monetary Financial and Commodities Exchange (SIBEX).

NYFIX, a trading solutions provider, has connected its NYFIX Marketplace trading platform to Market Liquidity Hub (MLH), a trading platform provided by Tokyo-based FIX connectivity provider MetaBit.

BATS Europe, a pan-European multilateral trading facility (MTF) being set up by US trading platform operator BATS Trading, has hired heads of infrastructure, sales, compliance and finance.

SWX Swiss Block, the non-displayed liquidity pool for Swiss blue-chip stocks being developed by London-based exchange SWX Europe, is to use the clearing services of SIS x-clear, a central counterparty and registered bank.

The Osaka Securities Exchange (OSE) and the International Securities Exchange (ISE) have terminated their memorandum of agreement (MOA), which was signed back in February.

Baikal, the non-displayed liquidity pool the London Stock Exchange (LSE) is developing in conjunction with investment bank Lehman Brothers, could help avoid excessive liquidity fragmentation in Europe, according to David Shrimpton, the LSE’s head of equity market development.

The London Stock Exchange (LSE) has announced plans to introduce a rebate for posting liquidity in large-cap stocks in a bid to attract more algorithmic and statistical arbitrage (stat-arb) order flow.

The merger agreement between trading technology providers GL TRADE and SunGard was industry-driven and not for financial reasons, according to the firms.

SunGard is in the final stages of discussions with the main shareholders of fellow financial software vendor GL TRADE to buy a majority stake in the firm.