The Securities and Exchange Commission (SEC), the US’s securities regulator, is seeking public comment on a new proposal for a price-dependent restriction on short-selling, which it argues may be more effective and easier to implement than the suggested approaches it outlined in April.
Automated, quantitative strategies used to discover and capture alpha in equities will start to converge with more traditional equities strategies, as both traditional asset managers and quants borrow from each other’s strategies, according to Adam Sussman, director of research at research and consulting firm TABB Group.
Trading platform operator Chi-X Global’s plans to establish a joint-venture dark pool in Singapore with the country’s national exchange could be followed by further similar initiatives in the region next year, according to John Lowrey, Chi-X Global’s CEO.
Chi-X Global Technology (Chi-Tech), the technology division of trading platform operator Chi-X Global, has announced plans to launch MarketPrizm, a low-latency electronic trading network for the European market.
Encouraging growth rates across the first two quarters of live trading by dark trading venue New York Block Exchange (NYBX) have underlined the strength of the hybrid lit/dark liquidity model and bode well for similar initiatives in Europe, according to Tim Mahoney, CEO, BIDS Trading.
The London Stock Exchange has made changes to its new fee schedule, due to be implemented on 1 September, in response to feedback from customers and a review of its order management surcharges.
Trading technology provider and agency brokerage ITG has launched a new monthly research series examining market structure and liquidity across Asian markets.
Canadian wholesale bank Scotia Capital and trading technology provider NYFIX have joined forces to develop a broker-neutral indications of interest (IOI) service for the Canadian equities market.