Investment bank Citi has launched an electronic equities execution service, Automated Trading, and execution algorithms in Malaysia, allowing the firm’s global clients to send electronic orders to Bursa Malaysia, the country’s national stock exchange.
Baikal, the dark pool currently in development by the London Stock Exchange (LSE), plans to offer both continuous and random periodic crossing on its order book in addition to its onward routing functionality, and is continuing its search for broker investment.
The Singapore Exchange (SGX) has announced a series of initiatives to bolster its options market, including enhancing the instruments it offers and introducing a web-based electronic trade registration system.
Financial IT firm Savvis and telecoms group Orange have both established new links to alternative trading platforms, as demand for low-latency trading connectivity grows.
Improved smart order routing (SOR) technology and a consolidated tape of European pre-trade data will help Chi-X Europe, the first displayed pan-European multilateral trading facility, which celebrates its second birthday today, build on its existing success, according to the platform’s management.
Japanese investment bank Nomura has connected its ModelEx equities electronic trading platform in Asia to TradingScreen, a provider of execution management systems (EMSs) to the buy-side.
Pan-European multilateral trading facility (MTF) Nasdaq OMX Europe will launch a new equity stake incentive programme in June in a bid to encourage more trading on the platform.
French investment bank Société Générale Corporate & Investment Banking (SocGen CIB) has launched Alpha x Europe, an internal crossing engine for buy-side client order flows, in response to buy-side concerns about market fragmentation, rising trading costs, and gaming in dark pools.
EuroCCP, the European central counterparty service operated by US clearing house DTCC, has reduced its clearing and risk management fees to attract more business to the trading platforms it supports.
Atrium Network, a financial connectivity provider, has added agency brokerage Instinet Europe to its extranet community, granting the broker low-latency connectivity to multilateral trading facilities