Investit, the specialist investment management consultancy, has opened an office at the Dubai International Financial Centre, its first in the Middle East / North Africa (MENA) region.
The Financial Services Authority (FSA) has banned and fined a senior trader employed on Morgan Stanley’s London trading floor for “deliberately disadvantaging his customers by 'pre-hedging' trades without their consent”.
Nasdaq Stock Market, the US arm of global exchange group Nasdaq OMX, has retained its position as the largest venue for trading US equities, reporting a matched market share of 20.8% of the total US equity volume in April.
The Australian Securities and Investment Commission (ASIC), the country’s securities regulator, lifted its short-selling restrictions for financial securities on Monday, but said it would not hesitate to reintroduce the ban if market conditions required.
BlocSec, a non-displayed block-trading platform for Asian equities, has reduced its minimum order size to US$250,000 from US$1 million in response to falling block sizes in the region.
Chi-X Europe, a pan-European alternative trading venue, launched Chi-Delta, its non-displayed order book, on 25 May, offering free execution for those posting liquidity as part of a promotion.
BATS Exchange, the US exchange subsidiary of financial markets technology company BATS Global Markets, is to extend its trading hours in response to member demand.
Pan-European clearing house EuroCCP, a subsidiary of US post-trade provider The Depositary Trust & Clearing Corporation (DTCC), has appointed Andrew Simpson as head of product management in London.
US investment management firm Waddell & Reed and its affiliates have gone live on trading technology firm Charles River’s Investment Management System (IMS).
Trading activity in Europe’s equity markets continued to pick up in April, with total turnover across exchanges and multilateral trading facilities increasing 15.6% to €1.31 trillion, according the latest market share report from data provider Thomson Reuters.