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Predictive analytics will be the next area of focus for providers of execution management systems, according to Alfred Eskander, CEO, Portware, which recently completed the purchase of technology assets from Aritas. read more>
Nasdaq OMX plans to launch new algorithmic services for its broker-dealer members, in further evidence that US bourses are looking to expand their businesses to maximise revenue. read more>
Trading technology provider Fidessa has appointed David Polen as head of business development in the US. He will be responsible for Fidessa’s strategic development efforts in the region, reporting to Mark Ames, CEO of Fidessa’s US business. read more>
The International Securities Exchange has introduced a new order type, implied orders, which it says will significantly enhance the execution of multi-legged strategy orders on its exchange. read more>
US buy-side traders can now schedule their own auctions and invite other members in advance, using a new system devised by stock trading venue operator AX Trading. read more>
Dark pool operators must be more open to clients and regulators if they wish to regain trust following a renewed focus on order handling, according to Jamie Selway, head of liquidity management at agency broker ITG. read more>
US brokers continue to route equity orders to trading venues based on execution fees rather than seeking best execution, costing the buy-side's clients up to US$5 billion annually, according to research from Woodbine Associates. read more>
Nasdaq OMX PHLX, a US options bourse, has launched new index options based on popular MSCI benchmarks that track the performance of international stocks. read more>
US stock exchange Direct Edge has delayed the introduction of its order-to-trade message tariff and has also revealed details of a new scheme designed to attract more institutional liquidity. read more>
US volumes declined slightly in April, with BATS Exchange appearing to hold a steady market share despite a technology failure that caused it to cancel its own IPO at the end of March. read more>
