Agency broker and technology firm Investment Technology Group (ITG) has launched Raider, an execution algorithm for the US market that is designed to quickly seize opportunities in fast-moving markets.
European Multilateral Clearing Facility (EMCF), a pan-European central counterparty (CCP), owned by Fortis Bank Nederland and exchange group Nasdaq OMX, has reduced its fees by 40% for clearing UK securities.
Singapore Exchange (SGX) is planning to launch two new systems on 27 April that will grant users faster access to its securities trading and market data services.
Chi-X Canada, an alternative trading system (ATS) for equities listed on the Toronto Stock Exchange (TSX), has added new destinations to its proprietary smart order router.
Euro Millennium, the European dark pool operated by US technology vendor NYFIX, has confirmed it will change its trade matching algorithm following discussions with UK regulator the Financial Services Authority (FSA).
Burgundy, a pan-Nordic multilateral trading facility backed by 14 of the region’s financial firms, has set its full launch date for 4 June and revealed details of its pricing schedule.
The London Stock Exchange (LSE) has abandoned its plans to introduce contracts for difference (CFD) trading on its order book because of the current economic climate.
US equities trading platform Direct Edge has criticised calls for a “modified uptick rule” to prevent abusive short-selling of US equities, arguing that such restrictions could limit liquidity and create greater selling pressure in a falling market.
Link Up Markets, the joint venture between eight European central securities depositories (CSDs), has announced the successful launch of its operations on 30 March.