Investment bank Morgan Stanley will use two products from electronic trading and data latency management systems provider Corvil to help it better understand where latency is incurred throughout the trading process.
Pipeline Europe, a pan-European multilateral trading facility (MTF) for equity blocks, has added LCH.Clearnet Ltd as a second central counterparty (CCP), joining existing provider EuroCCP.
BATS Europe, the European multilateral trading facility (MTF) owned by US exchange group BATS Global Markets, will drop maker-taker pricing for its dark pool platform next week following client feedback.
Singapore Exchange plans to introduce changes to its clearing and settlement system on 6 November aimed at reducing non-delivery of securities and imposition of the related penalties.
Equities traders in the Nordic region can now benefit from the protection of central counterparty clearing with today’s launch of services for exchange group Nasdaq OMX’s three regional bourses and pan-Nordic multilateral trading facility Burgundy.
US-based agency broker and financial technology provider ConvergEx has signed a definitive agreement to buy Cogent Consulting, a supplier of commission management solutions to institutional money managers and broker-dealers.
Exchanges in Europe recorded their highest cash equities turnover levels of 2009 in September, posting a 19.5% month-on-month increase, while multilateral trading facilities’ (MTFs) market share dipped slowly as overall activity rebounded.
BATS Europe, the pan-European multilateral trading facility (MTF) operated by US exchange group BATS Global Markets, has announced that investment bank Nomura has become its first sponsored access client.
The London Stock Exchange’s (LSE) plan to buy Turquoise is unlikely to be driven solely by a desire to appease the multilateral trading facility’s founding banks, but the plans of those shareholders and liquidity providers are key to the long-term success of the deal.
Stock market operator Nasdaq OMX has proposed changes to the pricing of its US exchange BX trading platform, which will come into effect from 2 November 2009.