SIX Swiss Exchange and Liquidnet, the buy-side block trading market, have signed an agreement allowing SIX Swiss Exchange members and Liquidnet's buy-side participants to execute large block trades with one another in both Swiss and other European equities.
A new multi-asset trading venue, the Bahrain Financial Exchange, is to begin trading on 7 February 2011, following an opening ceremony on the first day of the month.
New analysis from Nomura has attempted to shed light on the level of off-exchange trading in Europe, with the Japanese investment bank claiming that less than 10% of equity trading in the region should be classified as over-the-counter.
Access to a low-latency network offering the fastest, most reliable connection between dealing rooms and the servers of exchanges is a core requirement of firms engaged in the arms race for speed, says David Stanton, vice president, enterprise sales, Asia-Pacific, at Cable & Wireless Worldwide.
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.
NYSE Euronext London, the UK-based listing venue for overseas firms launched on 14 July 2010 by exchange group NYSE Euronext, has admitted it may not see its first listing until 2011.
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.