Brazilian bank Finabank Corretora de Títulos e Valores Mobiliários has implemented Progress Software’s Apama Algorithmic Trading Accelarator, allowing the bank to supply its buy-side clients with customised algorithms.
Quote MTF, a Hungarian-based pan-European trading venue, is confident of securing liquidity from smart order routers (SORs) from launch because of its pricing model, which it claims will be the cheapest in Europe.
Pan-European equity trading venue Turquoise has set a date for the migration of its stocks to the common symbology framework for multilateral trading facilities.
European trading platform BATS Europe’s decision to replace European Multilateral Clearing Facility (EMCF) with UK clearing house LCH.Clearnet Ltd for UK and Swiss stocks could prompt EMCF to speed up its interoperability work, according to CEO Jan Booij.
The fragmentation of post-trade data for over-the-counter (OTC) equity trades in Europe is preventing effective transaction cost analysis and impairing the ability to observe best execution principles, according to market participants.
Post-trade services provider LCH.Clearnet has confirmed that it received a takeover bid last Friday from the consortium of banks that revealed its interest in the clearer in February.
Exchange group Nasdaq OMX has signed a memorandum of understanding with European clearing houses SIX x-clear and EuroCCP to add the two firms to its central counterparty (CCP) service for Nordic stocks.
Guotai Junan Securities, a Chinese securities firm, has selected Sungard’s GL Stream order management system to help manage its order flow from onshore clients and target new overseas buy-side clients.
Pan-European equity trading platform Turquoise’s market share has started to show signs of recovery in UK blue chips following the expiration of its market-making agreements.