Americas

US institutional broker Concept Capital has hired Rich Parker, former head of sales and trading at policy analysis firm Washington Research Group (WRG), as its head of equities.

US derivatives exchange operator CME Group has implemented CorvilNet, a latency management system from technology provider Corvil.

US equities trading platform Direct Edge achieved a matched market share of 10.10% on 11 March, pushing it above the 10% mark for the first time. The firm’s previous one-day matched market share record, achieved on 2 March, was 9.18%.

Electronic Liquidity Exchange (ELX), a bank-backed alternative exchange for US Treasury futures, has set its launch date for June this year, subject to approval by the Commodity Futures Trading Commission (CFTC).

StreamBase Systems, a complex event processing (CEP) technology provider, has extended its software to connect to Alpha ATS, an alternative trading venue in Canada.

US equity trading volumes increased by half in the first two months of 2009, despite widespread falls in asset prices and higher investor redemption levels, according to research from Credit Suisse Advanced Execution Services (AES).

ICE US Trust, a New York limited liability trust company owned by US futures exchange group IntercontinentalExchange (ICE), has started clearing and processing credit default swap (CDS) index transactions in the North American Markit CDX indices.

BNY ConvergEx Group, an agency brokerage and software provider, has released a suite of customisable algorithms for the Brazilian and Mexican markets.

Itau Securities, the broking arm of Brazil’s Bank Itau, is to offer its global clients direct market access (DMA) to the Sao Paolo equities and futures exchange using an electronic trading platform from NYSE Technologies.

NYFIX, a trading solutions vendor, is migrating trading on its US-based Millennium dark pool to a new high-performance technology architecture, HPX.