Trading Venues

Planned SIP changes to benefit buy-side

Asset managers' ability to make key trading decision would be boosted with improved technology and governance around critical market infrastructure - the securities information processor - which is currently subject to an exchange-led review.

NYSE extends market share in November

Leading US lit venue the New York Stock Exchange increased market share on its two order books, as the soon-to-be combined entity comprising BATS Global Markets and Direct Edge markets experienced a mild dip last month.

Liquidnet crosses record block

Institutional dark pool Liquidnet executed its largest ever principal trade in a US-listed security in October, exchanging US$150 million in shares at the touch between two asset managers.

Javelin SEF tightens MAT scope

Swap execution facility Javelin has reduced the scope of instruments it wants to see mandated for trading in a pending submission to the chief US derivative regulator, bowing to industry pressure.

Meeting set for trade-at rule proposal

A meeting to develop a rule to limit off-exchange trading between exchanges and brokers overseen by buy-side trade body the Investment Company Institute is set to take place on 3 December, theTRADEnews.com has learned.

Glitch fears persist despite exchange collaboration

Exchanges working together to combat technology-related errors last week announced a set of solutions two months after meeting with the top securities regulator, but concerns over future glitches remain.

NYSE block initiative unlikely to alter status quo

The New York Stock Exchange last week filed to launch a block trading segment to execute institutional exchange orders in the dark, but experts suggest it may struggle to shift market share from existing dark venues.

October volumes draw BATS-NYSE battle lines

Market share trends in US equities in October signalled the soon-to-merge entity comprising BATS Global Markets and Direct Edge could challenge the New York Stock Exchange as top market operator.

Buy- and sell-side demand new bond platforms

An overwhelming proportion of buy- and sell-side firms want new electronic platforms to trade US corporate bonds to help manage the increased regulatory burden placed upon broker-dealers combined with the expected tapering of quantitative easing, a report from consultancy TABB Group has found.