New research from Greenwich Associates reveals that the majority of European institutional investors believe that new financial market rules scheduled to take effect next month have a good chance of achieving regulators' stated goals of increasing market transparency and further integrating Europe's capital markets.
Turquoise, the multi-lateral trading facility (MTF) being set up by a consortium of European investment banks, has appointed Morgan Stanley executive Eli Lederman as its chief executive officer and Swedish technology firm Cinnober as its trading platform provider.
Although MiFID's go-live date is only days away, some firms are waiting to see how the directive affects the market before spending more on technology, according to information technology services company Atos Origin.
NYSE Euronext and European investment banks BNP Paribas and HSBC announced on Wednesday a partnership to create a multilateral trading facility (MTF), which will be known as Project SmartPool.
A new survey on research and execution launched last Monday by consultancy Investit enables investment management firms to compare what price they pay for research and execution, according to the firm.
John Gammer has been appointed head of sales at Eurex Clearing, the clearing house of international derivatives exchange Eurex, effective 1 November 2007.
Following Friday's news that takeover talks between UK stock exchange PLUS Markets and multilateral trading facility (MTF) Project Turquoise had broken down, theTRADEnews can reveal it is now unlikely that Turquoise will choose Nordic exchange operator OMX as its trading technology partner.
NeoNet, a DMA agency broker and trading technology provider, announced on Monday that it is connected to Instinet's Chi-X, an alternative equities trading system that directly competes with traditional exchanges in Europe.
Fidessa group, a provider of trading systems, market data and global connectivity solutions, announced Monday that it will provide connectivity to Instinet Japan's dark liquidity pools, full suite of algorithms and global direct market access (DMA) platform.
Market data provider Reuters is offering clients the ability to see the best bid and offer price on major stocks wherever they are quoted from, the firm announced Monday.