Agency broker ConvergEx has retained James Elkins, a founder of transaction cost analysis firm Elkins/McSherry, as a consultant to its plan sponsor business. Elkins will advise ConvergEx on how customised transition management strategies can be used to reduce the costs associated with portfolio restructuring.
Nomura Securities International, the US brokerage division of Japanese investment bank Nomura, has released a new set of US algorithmic trading strategies as it continues to expand its global offering.
Thomson Reuters has become the first data vendor to offer a direct market data feed from SBI Japannext, a Japanese proprietary trading system (PTS) for equities.
Investment Technology Group, an agency broker and financial technology firm, has extended its POSIT non-displayed trading platform to cover equities from Greece and Cyprus.
US boutique broker Capstone Global Markets (CGM) has become the first user of the new equity options functionality on trading technology provider Fidessa’s US hosted trading platform.
Pan-European multilateral trading facility (MTF) Chi-X Europe has launched Chi-Velocity, a solution that aims to combine the speed of sponsored access with the additional functionality and risk control of direct market access (DMA).
Otkritie and Metropol UK will be the first Russian brokers to trade depository receipts on Turquoise, a pan-European multilateral trading facility (MTF).
Trading technology provider Fidessa has added broker EFG Hermes to its global connectivity network, granting the network’s buy- and sell-side users access to major exchanges in the Middle East and north Africa.
Interactive Data Corporation has signed an agreement with fellow market data vendor XData that will allow it to provide clients with financial markets data from the Gulf Cooperation Council countries.
Global exchange group Nasdaq OMX will launch a third US equity trading platform in the second half of 2010 using the licence obtained from its 2007 acquisition of the Philadelphia Stock Exchange.