News

Rosenblatt Securities has hired Gordon Charlop as managing director in charge of the firm’s New York Stock Exchange (NYSE) floor operations.

London Capital Group, an online trading firm, has chosen Penson Financial Services Ltd (PFSL), the UK based clearing services subsidiary of Penson Worldwide, to provide fully disclosed (Model B) outsourced clearing services for its equities broking division.

Chi-X Europe, a pan-European multilateral trading facility (MTF), has appointed a prominent buy-side head trader as a non-executive director.

The Nasdaq OMX Group is set to launch a pan-European trading platform for the most actively-traded European stocks.

Turquoise, a pan-European multilateral trading facility (MTF) set to launch in September, has appointed a non-executive chairman to its board of directors.

In response to market speculation, BNP Paribas has announced that it is no longer considering a potential tie-up with fellow French bank Société Générale.

French Bank BNP Paribas has teamed up with The Saudi Investment Bank (SAIB) to launch a new asset manager in Saudi Arabia.

Eurex, the International Securities Exchange (ISE) and the options clearing corporation (OCC) are planning to create a transatlantic trading and clearing link that will allow Eurex customers to access ISE’s options market using their existing Eurex connections.

ELX electronic liquidity exchange, a new, fully electronic futures exchange, has announced that that Realtime Systems Group (RTS), an independent software vendor (ISV) and provider of trading systems, has become the first ISV committed to provide connectivity to the exchange.

CLSA Asia-Pacific Markets (CLSA), an Asian brokerage and investment group, has appointed Changgen Wu, a former managing director and vice chairman of Morgan Stanley Asia Pacific, as chairman of its China operations and vice chairman of its Asia operations.