Trading Venues

Electronic derivatives markets scope out new products

Tradeweb, the financial markets operator, has added European equity futures to its multi-dealer-to-client equity derivatives platform to streamline the current phone-based, over-the-counter trading model for block trades.

SIX Swiss Exchange and Liquidnet form block trading venue

SIX Swiss Exchange and Liquidnet have launched a non-displayed block trading platform designed to allow buy-side market participants to execute large trades with one another in both Swiss and other European equities.

HKMEx offers high-speed access to China

The Hong Kong Mercantile Exchange, a commodities and derivatives alternative trading system, launched on 18 May, offering high-speed access to the mainland Chinese commodities market across time zones.

Dubai and Egyptian exchanges to entice dual listings

Dubai Financial Market, the exchange subsidiary of government holding company Borse Dubai, is to collaborate with the Egyptian Exchange to set up a comprehensive framework that will pave the way for listed companies, specifically those with significant operations in the United Arab Emirates and Egypt, to dually list their shares.

Alpha ATS dark pool engine will harm price discovery says TMX

Canadian exchange group TMX has warned that alternative trading system Alpha ATS's IntraSpread dark pool threatens price discovery, following the approval on 8 April of the venue's redesigned internalisation engine by regulator the Ontario Securities Commission.

MarketAxess warns on rigid rules for swap execution facilities

MarketAxess, a electronic trading platform for corporate bonds and other fixed income instruments, including credit default swaps, has responded to a request for public comment from the Securities and Exchange Commission, the US regulator, urging the adoption of a streamlined regulatory model for securities–based swap execution facilities.

Ex-Turquoise CEO's compensation case awaits merger ruling

Former Turquoise CEO Eli Lederman's compensation claim for unfair dismissal is expected to be resolved next month, pending an employment tribunal's view of the acquisition of a majority stake in the multilateral trading facility by the London Stock Exchange in 2010.