Market makers offer the best overall price improvement in NYSE and Nasdaq listed stocks, but are losing market share to faster electronic order books.
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.
Online alternative trading system and licensed broker-dealer Bonds.com Group has announced its senior management structure.
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, 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.
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.
Four firms are expected to buy stakes in Chi-X Global in Q2 2011, following the implementation of a series of cost-cutting measures by the market operator and exchange technology provider, according to sources familiar with the matter.
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.