Americas

US equity market structure favours electronic trading – Celent

Electronic order books and market makers will continue to benefit from the changes to US market structure wrought by new pricing models, technology and regulation, while use of floor traders will continue to decline, according to a new study from research firm Celent.

NYSE Euronext looks to UTP for competitive edge

The migration of NYSE Euronext’s European equities and exchange-traded funds to the Universal Trading Platform (UTP) will allow the exchange group to compete more effectively in post-MiFID Europe, according to Roland Bellegarde, group executive vice president and head of European execution at NYSE Euronext.

Lehman buy will make BarCap “one-stop” execution service

Barclays Capital, the investment banking arm of the UK’s Barclays Bank, said it plans to become a best-of-breed global multi-asset execution service provider following the acquisition of the North American assets of collapsed US bank Lehman Brothers.

Sungard extends buy-side suite in US, Europe

IT firm Sungard’s acquisition of trading technology company GL TRADE will give European buy-side firms better access to Sungard’s trading product suite and allow Sungard’s US buy-side clients to tap brokers in Europe and Asia.

Brazilian broker breaks new ground with Apama

Software provider Progress Apama has predicted strengthening Brazilian demand for algorithmic trading solutions after unveiling its first client in the country, broker Ágora Corretora de Titulos e Valores Mobiliaro.

Brokers bidding against themselves in LCH battle

US post-trade processing firm Depository Trust and Clearing Corporation's (DTCC) member-owned structure could complicate its battle to acquire European clearing house LCH.Clearnet.

Credit Suisse AES forges derivatives links

Investment bank Credit Suisse’s Advanced Execution Services (AES) division, which supplies algorithms and trading tools to the buy-side, has expanded its derivatives capabilities by joining financial software firm Orc’s ExNet broker connectivity network and launching a joint offering with US options pricing and analytics firm Derivix.