Data shows markets safer despite glitches
Despite recent high-profile glitches, US equity markets have shown resilience in combating market errors, with data showing the number of clearly erroneous trades has significantly dropped.
Despite recent high-profile glitches, US equity markets have shown resilience in combating market errors, with data showing the number of clearly erroneous trades has significantly dropped.
The industry has witnessed a wholesale shift in its approach to US equity exchanges’ status as self-regulatory organisations in recent weeks, led by the regulator and key participants.
After their first collective meeting with US Securities and Exchange Commission Chair Mary Jo White on September 15, leaders from the equities and options exchanges, their respective clearing organisations and the Financial Industry Regulatory Authority are examining how to avoid and improve their handling of trading halts and resumptions.
Citi will join a host of investment banks establishing direct market access to the Moscow Exchange and opening up its algorithmic offering to let clients trade Russian securities.
Warsaw Stock Exchange is in talks to acquire a 30% stake in Aquis Exchange, the new London-based MTF set to launch in October.
The leading US derivatives regulator has told market operator the CME Group to improve monitoring procedures and review its market surveillance staffing levels after a recent review.
The US finance industry's self regulatory body has approached dark pool operators for evidence of how, where and with whom client orders are routed, to better monitor transparency – but key industry figures concur regulators must proceed cautiously.
In its first week of operation, new European listed derivatives trading venue Nasdaq OMX NLX has shown an initial steady growth in trading volumes.
Nasdaq's botched Facebook IPO has incurred the wrath of the Securities and Exchange Commission, but the failings of US markets to support its initial offering may drive firms to look to alternatives.
Turquoise, the multilateral trading facility (MTF) owned by London Stock Exchange Group (LSEG) has seen its market share peak and is now seeing its flow fall back.