In a bid to alleviate the challenges and expense of trading equities in Korea’s highly-transparent ID market, two brokerages have teamed up to launch a crossing network for Korean equities.
Weeden, an institutional broker, and Pragma Financial Systems, a quantitative financial software provider, launched liquidity management system OnePipe on Tuesday.
MIXIT, a trading technology provider, will be able to connect brokers and their buy- and sell-side clients to NYSE MatchPoint, the New York Stock Exchange’s new block trading facility, when it launches on 22 January.
The US Securities and Exchange Commission has approved the rules for NYSE MatchPoint, a new, portfolio-based, point-in-time electronic facility of the New York Stock Exchange that matches aggregated orders at predetermined sessions throughout regular hours and after hours of the exchange.
Investment Technology Group (ITG), a provider of technology-based trading services and transaction research, has announced that its POSIT Alert equity crossing network has grown significantly in Australia.
Investment bank Lehman Brothers has made its dark liquidity offering, Liquidity Cross (LX), available through a number of vendors' execution management systems (EMS).