News

IP Trade, a provider of internet protocol (IP)-based trading communications, has expanded its London office and opened new offices in Madrid and Milan.

BATS Trading has hired Eric Swanson, a former lawyer with the US Securities and Exchange Commission (SEC), as general counsel.

Tokyo Stock Exchange (TSE) opened a representative office in the central business district of Beijing, China on January 18 – the same day the London Stock Exchange formally opened its representative office in Beijing.

NYSE Euronext has agreed to buy the American Stock Exchange (Amex). The firm expects the transaction to close in the third quarter of 2008 and be accretive to its 2009 earnings.

MIXIT, a trading technology provider, will be able to connect brokers and their buy- and sell-side clients to NYSE MatchPoint, the New York Stock Exchange’s new block trading facility, when it launches on 22 January.

Credit Suisse has appointed a new head of Advanced Execution Services (AES) global sales, replacing electronic trading pioneer Richard Balarkas who announced a surprise move to Instinet Europe last month.

London Stock Exchange Group (LSE) has announced that Doug Webb has agreed to join the company as its new Chief Financial Officer (CFO).

Bank of America is planning to sell its equity prime brokerage business as part of a series of changes to its global markets and global investment banking divisions.

Credit Suisse Group announced last week that Eric Varvel has been appointed CEO of the Europe, Middle East and Africa (EMEA) region, effective from 1 February 2008.

Telecoms company BT is to provide AXE ECN, a new Australian electronic communications network, with connectivity and hosting through the Radianz Proximity Solution for electronic trading access and low-latency market data distribution.