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.
Alternative trading systems (ATSs) will gain around a 40% market share of Canadian equities trading by 2012, estimates research and advisory firm Aite Group in a new report.
Exchange group Nasdaq OMX has introduced a new pricing structure for trading in US equities in a bid to maintain market share against stiff competition.
An overhaul of Nasdaq Dubai’s trading practices initiated by global exchange group Nasdaq OMX last November has played a major part in growing trading volumes, according to Jeff Singer, CEO of the UAE-based trading venue.
Russian exchange operator RTS is planning to launch RTS Standard, an anonymous, displayed order book for trading cash equities, which supports short-selling and offers central counterparty (CCP) clearing.