Americas

NYSE initiatives cater for high-frequency traders

NYSE Euronext, a global exchange group, has announced new transaction pricing structures for the New York Stock Exchange (NYSE) and NYSE Arca, in a move to attract more high-frequency business to both trading venues.

NYBX bids to take block trading out of the dark

US-based exchange operator NYSE Euronext and BIDS Trading, a broker-dealer and alternative trading system operator, hope to revolutionise block trading in the US with the New York Block Exchange (NYBX), their new dark pool joint venture.

US clearing competition will not add cost – Nasdaq

The re-introduction of competition in the US equities clearing space will not create additional complexity and cost, according to Brian Hyndman, senior vice president of transaction services at US exchange group Nasdaq OMX.

BATS hits non-US rivals out of the ballpark

BATS Exchange has become the world’s third largest stock exchange by value traded in its first full month of trading as a regulated US national securities exchange.

US broker sees greater buy-side interest in LatAm stocks

US agency brokerage Auerbach Grayson, a specialist in emerging markets research and trade execution services, has extended its network to enable institutional clients to take advantage of growing opportunities in Latin America’s smaller markets.

NYSE and BIDS block trading venture approved by SEC

NYSE Euronext, the global exchanges group, and BIDS Holdings, a broker-dealer and alternative trading system operator, have received approval from the Securities and Exchange Commission to launch a new block trading venue.

Exchange status to boost Direct Edge in 2009

US equity trading venue Direct Edge’s pursuit of exchange status for its two trading platforms, EDGA and EDGX, will put it on the same regulatory footing as its three biggest rivals – the New York Stock Exchange (NYSE), Nasdaq and BATS Exchange.

US asset managers slash costs by up to a fifth

US Investment managers that are taking active measures to reduce expenses are targeting average cost cuts of 22% by the end of 2009 as falling portfolio values shrink revenues, according to a new survey by research and consulting firm Greenwich Associates.

Chilean Stock Exchange to adopt low-latency IBM trading platform

The Chilean Stock Exchange aims to benefit from faster transactions and better communication with other exchanges worldwide after signing a deal with IBM, the US technology and consulting firm, for a new securities trading platform.