Agency broker and financial technology provider ITG is working with Brazilian brokerage Ágora to offer direct market access (DMA) to BM&F Bovespa, Brazil’s national stock exchange, through its Triton execution management system.
The Singapore Exchange (SGX) and trading platform developer Chi-X Global have agreed to form a joint-venture non-displayed liquidity pool, which they aim to launch in the first half of 2010.
Chi-X Canada, an alternative trading platform for Toronto Stock Exchange-listed equities, will launch a price promotion for exchange-traded funds (ETFs) in September that will slash its taker fee.
BNY ConvergEx, a US-based agency brokerage and investment technology provider, has expanded its direct market access (DMA) offering to five emerging-market exchanges.
The market shares of Nasdaq Stock Market and the New York Stock Exchange (NYSE), the US’s two largest equity trading platforms, have continued to fall over the past year, while alternative platform Direct Edge’s market share has risen sharply.
Exchange group SIX Swiss Exchange has seen a steady decrease in its market share of Swiss blue chip stocks since migrating trading to Zurich from its London-based SWX Europe platform.
Buy-side trading technology provider Charles River Development has made Japanese broker Nomura’s ModelEx suite of execution algorithms for Asia available to users of its Investment Management System (IMS).
Restrictions on hedge funds and banks’ proprietary trading operations, as envisaged by the European Commission’s proposed Directive on Alternative Investment Fund Managers and the UK Financial Services Authority’s Turner Review, could limit the supply of liquidity in Europe’s equity markets, say market observers and participants.
New York senator Charles Schumer, who wrote to the US Securities and Exchange Commission (SEC) last Monday urging a ban on so-called flash order types, said commission chairman Mary Schapiro has pledged to fulfil his wishes.