The European Commission has adopted draft legislation to create a new European Systemic Risk Board (ESRB) to identify risks to the European financial system and act as an early warning system for risks that require a rapid response.
Last week, the US Securities and Exchange Commission (SEC) issued proposals to ban so-called flash order types on the basis that they benefit certain traders to the detriment of others. But market observers warn that further efforts to stamp out market inequalities could have unintended consequences.
NYSE Arca Europe, the pan-European multilateral trading system operated by exchange group NYSE Euronext, has added a further 334 large and mid-cap stocks, bringing the total number of names in which it offers trading to 794.
Auerbach Grayson, a US agency brokerage that specialises in global trade execution and research services, has agreed a deal with DZ Bank aimed at offering institutional clients greater access to Germany’s capital markets.
The Hong Kong subsidiary of Samsung Securities has gone live with a fully managed and hosted Asian trading platform from trading and connectivity solutions provider Fidessa as part of the Korean investment bank’s expansion across Asia.
Agency broker and technology provider ConvergEx has added two new products – ADR Plus and Reverse ADRs – to its electronic American depository receipt (ADR) trading suite.
The Polish Financial Supervision Authority has approved changes to the Warsaw Stock Exchange's (WSE) alternative trading system regulations that will allow the bourse to launch the unregulated trading portion of its new CATALYST corporate and municipal bond market on 6 October.
CM-CIC Securities, the investment arm of French banking group CM-CIC, has chosen a low-latency solution from trading technology provider QuantHouse to help it provide execution services to its buy- and sell-side clients across Europe.
Liquidnet, a buy-side-only block crossing network, has announced the launch schedule for its Supernatural service in Europe and has signed up 12 liquidity providers.