BM&F Bovespa, the multi-asset-class Brazilian exchange, has selected technology firm SunGard as its fourth provider of direct market access (DMA). read more »
Americas
ConvergEx OMS adds LiquidPoint options strategies
ConvergEx, an agency broker and trading technology provider, has integrated access to the latest options execution and routing technologies from its LiquidPoint derivatives broking subsidiary into its Eze OMS order management system. read more »
NYSE Liffe US completes sale of minority stake
NYSE Liffe US, the North American futures exchange operated by exchange group NYSE Euronext, has sold minority stakes in its platform to six banks and market makers. read more »
Barclays makes second trading platform investment
Barclays Capital, the investment banking division of Barclays Bank, has announced its second investment in a trading venue in the space of two days. read more »
New Volcker text exempts market making, facilitation
The Obama administration has finalised the proposed legislative language for its controversial Volcker rule, which aims to prevent deposit-taking institutions from engaging in proprietary trading and owning or investing in private equity and hedge funds. read more »
SEC’s new short-sale rule to curb liquidity – market makers
The lack of a market making exemption in the US Securities and Exchange Commission’s new short-selling restriction, adopted last week, could limit market makers’ ability to provide liquidity in declining stocks, according to US equities market makers. read more »
ConvergEx’s new IOI service to improve clients’ liquidity access
ConvergEx Group, a trading technology and execution service provider, has launched a new automated trade messenger system to help advertise its internal liquidity to clients. read more »
NYSE rolls out TCA platform to floor traders
Exchange group NYSE Euronext has teamed up with trading analytics provider William Ryan Group to provide New York Stock Exchange (NYSE) floor brokers with a new transaction cost analysis technology platform. read more »
ConvergEx extends commission services to NorthPoint clients
ConvergEx Group, a trading technology and execution services provider, has made its commission management technologies and soft dollar services available to clients of its NorthPoint prime brokerage business. read more »
Interactive Data ramps up US high-speed connectivity
Interactive Data, a provider of market data and analytics, has boosted its co-location offering by expanding its 7ticks low-latency trading network in the east coast of the US. read more »
