A report by US financial regulators has identified the attempt to sell 75,000 index futures contracts by a “mutual fund complex” using an execution algorithm in extremely volatile market conditions as the trigger for market mayhem on 6 May.
Market participants can expect to see trading venue consolidation and shorter broker lists should trading volumes remain depressed for the remainder of 2010, according to the September poll on theTRADEnews.com.
The outcome of the current bid speculation surrounding Chi-X Europe, the largest pan-European multilateral trading facility, could fan the flames of an already heated battle between Europe's primary exchanges for derivatives volumes.
Trading systems and connectivity provider Orc Software has introduced a new direct market access service to pan-Asian multi-product commodity and currency derivatives platform the Singapore Mercantile Exchange.
European buy-side traders will have to analyse the crossing mechanisms operated by investment banks in more detail if recommendations by the Committee of European Securities Regulators (CESR) to shake-up broker dark pools are followed through.
Europe's largest stock exchanges have so far struggled to stem the tide of market share flowing to multilateral trading facilities (MTFs) since the introduction of MiFID, but is their wisest response diversification or confrontation?
As part of the migration of derivatives exchange NYSE Liffe to its parent group’s Universal Trading Platform (UTP), connectivity technology provider Atrium Network has announced that UTP derivatives will be added to its platform, initially as a test environment.