Regions

The London Stock Exchange (LSE) has said it will introduce hidden limit orders on its trading platform on 16 March 2009, and has revealed more details about future hidden order functionality.

Equiduct Trading, a pan-European equity trading venue, has launched a suite of analytical tools which, the firm says, demonstrate that many trades sent to incumbent exchanges are not being executed at the best price available.

The volatile market conditions that caused higher trading costs and wider spreads in Q4 2008 did not result in a shift away from execution algorithms by Asia’s buy-side traders, according to Glen Gee, head of analytical products and research, Asia at agency broker ITG.

European clearing house LCH.Clearnet is planning to launch a clearing service for credit default swaps (CDS) in the eurozone by December 2009.

Former Lehman Brothers France CEO Xavier Rolet, who will take the helm of the London Stock Exchange from long-serving chief Clara Furse on 20 May, could be the shot in the arm the exchange needs to cope with its current challenges, according to market observers.

Chi-X Europe, the pan-European multilateral trading facility (MTF), has added to its management team in preparation for the venue’s next stage of expansion.

The London Stock Exchange (LSE) has named Xavier Rolet, former head of investment bank Lehman Brothers’ French operation, as its next CEO, replacing Clara Furse.

Barclays Capital, the investment banking arm of the UK’s Barclays Bank, said it plans to become a best-of-breed global multi-asset execution service provider following the acquisition of the North American assets of collapsed US bank Lehman Brothers.

The International Securities Exchange (ISE) has established an alternative primary market maker program to support new listings.

InfoReach, a trading technology provider, is to have its InfoReach trade management system (TMS) distributed in the emerging markets by Marco Polo Network, an electronic trading platform.