The Canadian Securities Administrators (CSA), the council of securities regulators for Canada’s provinces and territories, has announced that the Toronto Stock Exchange (TSX) will act as a central, consolidated source for the country’s equity market data for five years, starting 1 July.
Post-trade processing firm Omgeo and clearing house EuroCCP – both affiliates of US post-trade utility The Depository Trust and Clearing Corporation (DTCC) – have teamed up to develop a pan-European equities central counterparty (CCP) service for hedge fund transactions.
Transatlantic exchange group NYSE Euronext has reported that average daily trading volumes across its European cash equities markets in May 2009 were 1.5 million transactions – 14.6% up on May 2008. April 2009’s ADV of 1.6 million transactions was a 15.5% increase over the previous April.
BATS Exchange, a US equities trading venue, has launched BATS Optional Liquidity Technology (BOLT), a tool allowing members to see unfilled portions of marketable orders before the orders are either cancelled or routed elsewhere.
Pipeline Trading Systems, a non-displayed equities liquidity pool, has introduced enhancements to its Algorithmic Switching Engine in the US to give traders more control over how they use the system.
The European Commission (EC)’s proposals for a new pan-European financial regulatory structure, based on recommendations by the de Larosière group, do not provide a sufficiently clear framework, according to some observers.
Goldman Sachs Electronic Trading (GSET) is upgrading its SIGMA smart router to allow clients to seek the best price for dual-listed stocks across US and Canadian stock trading venues, while using real-time FX rates for single currency settlement.
LeveL ATS, a non-displayed trading venue for US equities, has launched a new order type called SmartBlock, which gives participants control over trading activity at the venue level when executing blocks of stock.