News

Credit Suisse announced Friday that its CrossFinder ATS achieved record volume, with 112 million shares matched on 7 February, 2008.

NYFIX, a solutions provider for optimising trading efficiency, announced Friday that NYFIX Millennium, a 'dark pool' of liquidity, set a new volume record in January 2008, matching a total of over 1.2 billion shares.

Instinet, a securities firm and wholly-owned subsidiary of Nomura Holdings, today announced the formation of Chi-X Global, a holding company for the operations of Chi-X platforms in Europe, Canada and the Asia-Pacific region.

Credit Suisse's Advanced Execution Services (AES) Group announced yesterday that it has completed work with BNY ConvergEx Group's Eze Castle Software to incorporate AES options algorithms as a destination in the firm's order management system, the Eze OMS.

More than half of Japanese equity trading volume will be executed as either electronic trades or portfolio trades by 2010, according to projections made by institutional investors in Japan and throughout Asia in a new study by Greenwich Associates.

Institutional broker-dealer Abel/Noser Corp. has announced the election of William P. Conlin as president and chief operating officer.

BIDS Trading, the alternative trading system (ATS) designed to increase competition and liquidity in the US equity block trading market, and Fidessa LatentZero, a provider of front-office technology to the global asset management and hedge fund industries, have installed connections to each other's systems.

Atrium Network, a provider of connectivity solutions for the financial services community, and IP Trade, an IP-based trading communications platform, have announced a strategic agreement establishing Atrium Network as the global reseller of IP Trade trading turrets using an ASP model.

Fidessa group, a provider of trading systems, market data and global connectivity, has installed a connection to NYSE MatchPoint, the recently launched electronic block trading facility.

The EU and the US have moved closer towards mutual recognition of each other’s securities regulations following a meeting last week between Charlie McCreevy, the European Commissioner for the intern