Americas

ITG launches new algo to tackle volatile markets

Agency broker and technology firm Investment Technology Group (ITG) has launched Raider, an execution algorithm for the US market that is designed to quickly seize opportunities in fast-moving markets.

Chi-X Canada adds venues to router

Chi-X Canada, an alternative trading system (ATS) for equities listed on the Toronto Stock Exchange (TSX), has added new destinations to its proprietary smart order router.

Direct Edge hits out at US short-selling rule proposals

US equities trading platform Direct Edge has criticised calls for a “modified uptick rule” to prevent abusive short-selling of US equities, arguing that such restrictions could limit liquidity and create greater selling pressure in a falling market.

BATS offers members tighter sponsored access control

BATS Exchange, a US trading venue that gained exchange status last November, has added new real-time tools to give its members more control over the sponsored access capabilities they grant to their clients.

BATS and Direct Edge challenge rivals with fee cuts

US trading venues BATS Exchange and Direct Edge put further competitive pressure on their traditional exchange rivals, Nasdaq OMX and NYSE Euronext, this week by announcing fee cuts on the same day.

DTCC targets trading community with Hegarty hire

The Depository Trust and Clearing Corporation (DTCC), the US’s central clearing provider, has appointed Robert Hegarty to the new position of managing director, market structure.

Goldman Sachs launches new US options algos

Goldman Sachs Electronic Trading (GSET) has added new features to its US listed options offering, including three new algorithms and the ability to auto-hedge options orders.

Advent connects OMS to BIDS platforms

Trading technology firm Advent Software has linked its Moxy OMS order management system to the trading platforms offered by BIDS Trading, a US alternative trading system operator.

ITG adds external dark pool flow to POSIT in US

Agency brokerage and software vendor ITG has launched POSIT Marketplace in the US, which combines the flow in three of its non-displayed offerings with liquidity from external dark pools.