TheTradeNews.com

Aquis offers FIX testing ahead of potential October launch

Mon, 20 May 2013 15:07:39 GMT

New pan-European trading platform Aquis Exchange has teamed up with FIX certification firm FixSpec to let potential customers test FIX messaging as the venue eyes an October launch.

Japanese listed infrastructure market takes shape

Thu, 16 May 2013 17:17:14 GMT

The Japan Exchange Group is moving ahead gradually with its concept of introducing a listed infrastructure market in Japan, according to updated plans published this week.

Innovate or degenerate, says Shenzhen CEO

Wed, 15 May 2013 2:40:26 GMT

Song Liping, president and CEO of the Shenzhen Stock Exchange, has admitted the Chinese securities industry still has a long way to go to meet the demands of the real economy through its gradual transitioning phase.

Spanish regulator outlines market reforms

Tue, 14 May 2013 16:43:18 GMT

Spanish regulator CNMV has taken steps to reform the registration, clearing and settlement system in the country's financial markets, with the publication of a set of key changes.

CX2 limited open attracts early liquidity

Tue, 14 May 2013 12:51:05 GMT

The first week of limited trading on alternative venue operator Chi-X Canada's second venue attracted liquidity in the ten stocks traded, while new electronic trading rules will have minimal impact on the market, according to Chi-X Canada CEO Dan Kessous.

Liquidnet appointments suggest further Continental push

Tue, 14 May 2013 12:36:44 GMT

Institutional block trading network Liquidnet has appointed two senior members to its EMEA team to build on positive early-year results as it grow its Continental Europe client base.

Quote milestone signals US market weakness

Mon, 13 May 2013 17:52:58 GMT

The US market infrastructure is on the verge of managing a capacity of three million quotes a second, but the growing disparity between quotes and filled orders will weaken the market, believes one high-frequency trading expert.

Nasdaq OMX Nordic launches low-latency risk checks

Fri, 10 May 2013 14:03:57 GMT

A new pre-trade risk management tool for listed derivatives trading will shift risk checking to the exchange level and reduce latency for market participants, according to Nasdaq OMX Nordic.

BATS Chi-X Europe becomes registered exchange

Thu, 09 May 2013 16:07:07 GMT

Pan-European multilateral trading facility BATS Chi-X Europe has received its Recognised Investment Exchange licence from UK regulator the Financial Conduct Authority, giving it greater power to challenge Europe's primary markets and potentially drive down listing costs.

Li floats return for HKEx closing auction

Wed, 08 May 2013 17:40:58 GMT

A closing auction has been absent from Hong Kong's stock exchange since 2009, but hopes of reinstatement have resurfaced.

Can you see a tipping point in the dark?

Tue, 07 May 2013 17:43:28 GMT

Two reports on dark trading levels suggest the European equity market was approaching a landmark in the first quarter of 2013.

FIX bond adoption set to open up cross-asset efficiencies

Fri, 03 May 2013 11:26:59 GMT

Major execution venues active in electronic bond trading are committing to adopting open standardised protocols, said Sassan Danesh, managing partner, Etrading Software, and co-chair of message standards body FIX Protocol Limited (FPL) global fixed income committee.

ICE sets date for US credit futures

Fri, 03 May 2013 10:47:21 GMT

The InterContinental Exchange (ICE) will launch its first US credit futures contracts next month, which will offer an alternative to credit default swaps that are due to migrate to new electronic trading facilities, subject to rules being finalised.

ASX to launch client clearing service for OTC derivatives

Thu, 02 May 2013 17:17:24 GMT

ASX, the owner of the Australian Securities Exchange, has announced plans to launch by the end of 2013 both a clearing service for OTC derivatives and a collateral management service.

Derivatives interest building across Asia, reckons NYSE Liffe

Thu, 02 May 2013 16:59:52 GMT

Demand among Asian customers for sophisticated derivatives products is building steadily, as reflected by growing membership of NYSE Liffe.

Direct Edge offers new incentive to high-volume users

Thu, 02 May 2013 16:39:57 GMT

US exchange operator Direct Edge has released its latest incentive for high-frequency trading by offering active market participants a reduced fee to remove and route shares.

Irish aim to tackle twin hurdles to MiFID consensus

Thu, 02 May 2013 13:35:34 GMT

Rules on dark pools and post-trade competition are the remaining barriers to agreement on MiFID II by members of the Council of the European Union ahead the EcoFin meeting scheduled by the Irish Presidency for 14 May.

Mutualised Equiduct will ‘fine-tune’ model to boost flow

Tue, 30 Apr 2013 17:56:18 GMT

An injection of fresh capital into retail-focused European trading platform Equiduct shows the value of alternative venues, its interim CEO has declared.

Aladdin deal shifts credit market towards open platform

Thu, 25 Apr 2013 9:00:08 GMT

MarketAxess has said its deal with BlackRock's Aladdin Trading Network to develop a platform for the US$14 trillion US credit market will increase the market's focus on a single set of open-platform solutions despite a likely increase in competing venues.

Venues 'hijack' regulatory process

Thu, 18 Apr 2013 13:52:41 GMT

Some exchange operators petitioning regulators for their own “narrow interests”, instead of working towards a safe market structure, a senior venue executive has charged, speaking at TradeTech 2013 in London yesterday

SBI Japannext launches crossing platform

Tue, 16 Apr 2013 19:00:34 GMT

Tokyo-based Japannext will next month launch a platform that allows orders to be crossed before the primary exchange market opens and settled at the volume-weighted average price after it closes.

Aquis appoints Spanbroek as director

Mon, 15 Apr 2013 12:28:02 GMT

European trading veteran Mark Spanbroek has been appointed non-executive director of new European equities trading venue Aquis Exchange.

India’s MCX-SX takes fight to incumbents

Wed, 10 Apr 2013 17:37:51 GMT

India's newest exchange MCX-SX is working to raise low volumes in cash equities and derivatives, including a move to strengthen its Liquidity Enhancement Scheme to incentivise market making and help challenge the duopoly of the National Stock Exchange and the smaller Bombay Stock Exchange.

Vienna bourse labels merger talks ‘normal course of business’

Wed, 10 Apr 2013 15:46:52 GMT

The Vienna Stock Exchange has played down rumours that it is in discussions with the Warsaw Stock Exchange about a possible merger.

Small HK after-hours futures volumes belie big plans

Tue, 09 Apr 2013 16:30:29 GMT

Hong Kong Exchanges and Clearing CEO Charles Li Xiaojia downplayed modest volumes in the first after-hours futures trading session Monday, comparing its new session to a small child learning to walk.

NYSE complies with limit up-limit down after “strenuous” objection

Mon, 08 Apr 2013 17:56:39 GMT

The New York Stock Exchange on Monday complied with an SEC requirement that it partly decommission volatility-dampening liquidity refreshment points after claiming their removal threatened to force markets into a single mould.

Nasdaq to launch ETF liquidity incentives

Thu, 04 Apr 2013 13:53:24 GMT

Exchange operator Nasdaq OMX will launch an incentive programme this quarter for exchange-traded funds listed on its US market that will rebate market makers for providing liquidity.

JPX: necessary but insufficient to revitalise Japanese markets

Thu, 04 Apr 2013 8:37:30 GMT

The creation of the Japan Exchange Group from the merger of the Tokyo Stock Exchange and Osaka Securities Exchange is a move in the right direction, but does not itself bring about the kind of "disruptive innovation" required to reform Japanese markets, according to Celent's Eiichiro Yanagawa, author of a report on the impact of the new exchange.

ASEAN Trading Link extends to Vietnam

Wed, 03 Apr 2013 18:54:51 GMT

The second phase of the initiative that intends to connect seven stock markets across the Association of Southeast Asian Nations will kick off with the accession of the Ho Chi Minh Stock Exchange, it emerged this week.

New Chi-X Canada venue targets mid-tier brokers, retail market

Wed, 03 Apr 2013 16:15:21 GMT

Chi-X Canada's new CX2 alternative trading system has revealed its taker-maker pricing structure a month ahead of the venue's launch.

Warsaw Exchange makes short work of migration

Wed, 03 Apr 2013 14:39:30 GMT

Poland's Warsaw Stock Exchange will operate new shorter trading times when it migrates to a new trading system on 15 April.

LSEG furthers derivatives ambitions amidst trading slump

Thu, 28 Mar 2013 12:08:17 GMT

The London Stock Exchange Group has announced plans to launch a swaps trade repository and taken another step towards its acquisition of LCH.Clearnet as plans to bolster its derivatives business progress.

SGX plots new FX futures

Wed, 27 Mar 2013 17:23:01 GMT

The Singapore Exchange is consulting the market on the potential launch of four new foreign exchange futures contracts, ahead of a prospective Q3 launch.

JPX charts course for growth

Tue, 26 Mar 2013 12:11:13 GMT

The Japan Exchange has laid out its future plans for growth, which include improving its arrowhead trading system to grow its equity market and make Japanese stocks more appealing.

Over the counter and under the radar

Mon, 25 Mar 2013 14:45:02 GMT

An interesting report on liquidity fragmentation was released last week, but the International Organisation of Securities Commissions gave it such a boring title you might have missed it.

Aquis reveals pricing structure, appoints chair

Mon, 25 Mar 2013 10:22:44 GMT

Aquis Exchange, a pan-European multilateral trading facility led by former Chi-X Europe CEO Alasdair Haynes has unveiled details of its subscription-based pricing model, eschewing the popular maker-taker model favoured by alternative platforms.

ITG overhauls POSIT Alert to improve liquidity access

Wed, 20 Mar 2013 10:41:17 GMT

Agency broker ITG has unveiled a revamped version of its POSIT Alert buy-side crossing tool, offering a single point of access to liquidity across 28 countries and improved functionality.

NYSE Euronext joins mini options trend

Tue, 19 Mar 2013 10:31:03 GMT

US exchange operator NYSE Euronext has joined competing US venues in offering mini options contracts for the most popular underlying stocks on its NYSE Arca and NYSE Amex exchanges.

LSEG calls time on Delhi deal

Fri, 15 Mar 2013 15:56:09 GMT

The London Stock Exchange Group is likely to pull out of a deal that would have revived the Delhi Stock Exchange, despite having delivered technology to the bourse last year.

Semark takes the helm at UBS MTF

Fri, 15 Mar 2013 15:00:29 GMT

UBS has confirmed the appointment of Richard Semark as the new CEO of its pan-European dark pool, following the departure of Robert Barnes.

Bombay seeks foreign liquidity with Eurex deal

Thu, 14 Mar 2013 11:42:32 GMT

The Bombay Stock Exchange will overhaul its technology platform after a striking a deal with Deutsche Börse-owned Eurex Group, in a bid to grow derivatives volumes on its market.

SGX plots Asian derivatives dominance

Wed, 13 Mar 2013 11:57:57 GMT

The Singapore Exchange has announced a series of initiatives designed to build its derivatives business and expand its reach across the Asian region.

US markets seek CDS index trading alternatives

Tue, 12 Mar 2013 10:40:47 GMT

US market operators are preparing for new rules that will reform trading of credit default swaps indices, including MarketAxess, which is seeking temporary exemption from swap execution facility registration because of the associated cost burden.

New Nasdaq market targets high-growth companies

Mon, 11 Mar 2013 10:57:17 GMT

US exchange operator Nasdaq OMX has entered into a joint venture with SharesPost, a private shares market, to create a new platform for non-listed, high-growth companies.

FEX offers a new twist on Australian derivatives competition

Wed, 06 Mar 2013 15:23:26 GMT

A new derivatives exchange in Australia could spark a liquidity rush and drive down trading prices through quasi-competition with established venues, according to one industry expert.

ITG enhances POSIT order protection

Wed, 06 Mar 2013 10:39:11 GMT

Agency broker ITG has unveiled Liquidity Guard, a new tool developed to protect buy-side orders in its POSIT suite of crossing solutions.

Turquoise hits record market share

Fri, 01 Mar 2013 15:05:54 GMT

Pan-European multilateral trading facility Turquoise attained its highest ever monthly market share figure in February, as overall equity volumes dipped slightly following a strong start to the year.

Fat-finger fine shows pre-trade risk failings

Wed, 27 Feb 2013 15:11:36 GMT

A manual input error on Nasdaq OMX Stockholm which caused an erroneous trade by a sponsored access client has exposed pre-trade risk management failures, as well as a lack of clarity on European automated trading guidelines.

HKEx bets on China market access to boost equities

Wed, 27 Feb 2013 11:53:53 GMT

Hong Kong Exchanges and Clearing will target mutual market access initiatives with mainland China as part of plans to revitalise its equity markets after a four-year volume low.

BME interested in Euronext purchase

Mon, 25 Feb 2013 15:34:54 GMT

A senior executive of Spain's domestic stock exchange has stated his firm will look at acquiring European exchange operator Euronext, if it is sold as part of the NYSE Euronext-IntercontinentalExchange merger.