Regions Archive

Singapore Exchange plans to introduce changes to its clearing and settlement system on 6 November aimed at reducing non-delivery of securities and imposition of the related penalties. read more>

Equities traders in the Nordic region can now benefit from the protection of central counterparty clearing with today’s launch of services for exchange group Nasdaq OMX’s three regional bourses and pan-Nordic multilateral trading facility Burgundy. read more>

US-based agency broker and financial technology provider ConvergEx has signed a definitive agreement to buy Cogent Consulting, a supplier of commission management solutions to institutional money managers and broker-dealers. read more>

Exchanges in Europe recorded their highest cash equities turnover levels of 2009 in September, posting a 19.5% month-on-month increase, while multilateral trading facilities’ (MTFs) market share dipped slowly as overall activity rebounded. read more>

BATS Europe, the pan-European multilateral trading facility (MTF) operated by US exchange group BATS Global Markets, has announced that investment bank Nomura has become its first sponsored access client. read more>

The London Stock Exchange’s (LSE) plan to buy Turquoise is unlikely to be driven solely by a desire to appease the multilateral trading facility’s founding banks, but the plans of those shareholders and liquidity providers are key to the long-term success of the deal. read more>

Stock market operator Nasdaq OMX has proposed changes to the pricing of its US exchange BX trading platform, which will come into effect from 2 November 2009. read more>

The Australian Stock Exchange (ASX) has repealed the 10-second rule for crossing Australian stocks, thereby removing a key barrier to continuous crossing services. read more>

The US’s major exchanges have adopted a standard set of rules for cancelling ‘clearly erroneous’ stock trades – those which deviate so substantially from current market prices that they are deemed to be mistakes. read more>

Tokyo Stock Exchange (TSE) has successfully launched Tdex+, an electronic options trading platform based on technology from global exchange group NYSE Euronext. read more>