Equiduct, a pan-European equity trading platform that started trading in April, has launched OrangeLiquidity Viewer, a web-based tool providing a graphical view of available liquidity and trading conditions across selected European trading venues.
Joanne Kinsella, appointed head of portfolio at BT Global Financial Services (GFS) in February, has left the telecoms group to join Kevin Covington, her immediate predecessor, at ITRS Group, a provider of operational systems management tools to the finance sector.
NYSE Euronext chief executive Duncan Niederauer recently dismissed March’s 8.5% rise in the S&P 500 index, its best monthly performance since October 2002, asserting that the “real money investors are still waiting”.
Exchange group Deutsche Börse is examining ways to offer low-touch execution services directly to the buy-side, such as direct market access and order routing, through partnerships with third parties.
Commission sharing agreements (CSAs) are not sufficient to achieve full unbundling of payments for brokers’ services, despite a recent Financial Services Authority report praising their effectiveness, according to some market observers.
German exchange group Deutsche Börse has unveiled plans to launch Xetra International Market, a service for trading pan-European equities, in the fourth quarter of 2009.
Two former equity trading executives from bulge-bracket brokers are to head specialist Asian agency broker and technology provider Tora Trading’s newly-formed liquidity services business.
Autobahn Equity, Deutsche Bank’s electronic trading solutions group, has announced that it will participate in the Australian Securities Exchange’s (ASX) co-location service programme.
The decline in equity trading activity since September last year is challenging the low-cost, high-volume business models of Europe’s new multilateral trading facilities (MTFs), prompting observers to suggest the platforms should focus on differentiators other than price to survive.