Exchange Technologies
Baikal Selects TradElect
LONDON-The London Stock Exchange's (LSE's) dark-liquidity trading platform, Baikal, will run on the exchange's TradElect trading platform and is scheduled to go live in June this year, according to recent industry reports.
NYSE Euronext Launches Unified Order Book
PARIS-Exchange operator NYSE Euronext has reached a recent milestone in consolidating its order books. Traders on the Amsterdam, Brussels and Paris bourses can trade on a single consolidated order book.
LSE Adds to Baikal Management Team
LONDON-The London Stock Exchange (LSE) has shed more light on its Baikal dark-liquidity trading platform, announcing two senior appointments to the business.
HKEx Plans to Double Futures Capacity
HONG KONG-Hong Kong Exchanges and Clearing (HKEx) plans to increase capacity on its derivatives trading system by 50 percent by the end of the year and begin developing a next-generation trading system for its securities market over the next three years,…
Nasdaq OMX's Genium Imminent
STOCKHOLM-The long-anticipated implementation of exchange platform provider and operator Nasdaq OMX's Genium trading platform is slated for the second half of this year, with a number of clients taking the platform live in 2010, officials tell DWT .
Nasdaq OMX Readies BX Quote
NEW YORK-Exchange platform provider and operator Nasdaq OMX plans to launch its second protected quote for the U.S. cash equities markets, dubbed Nasdaq OMX BX, this Friday, Jan. 16.
Direct Edge Vies for Exchange Status
JERSEY CITY, N.J.-In the latest bout of exchange applications, ECN operator Direct Edge plans to formally file for dual exchange licenses with the U.S. Securities and Exchange Commission (SEC) in a matter of weeks.
Economic Woes Drive Asian Exchange Upgrades
HONG KONG-The harsher economic climate in 2009 means that Asian exchanges have a greater imperative to upgrade core exchange technology in order to be more competitive globally, according to the authors of a recently released white paper from industry…
Data Sync Error Halts Toronto Trading
TORONTO-A glitch that caused a synchronization problem between primary and secondary data feed generators for Toronto Stock Exchange (TSX) and the TSX Venture Exchange gave traders an unexpected day off as the exchange operator, TMX Group, halted trading…
CSV Creates OTC Auction Portal
NEW YORK-CSV, a provider of valuations for complex securities and derivatives, has set up a new company, eInstitutional.com, that will run online auctions for traders looking to buy or sell complex and illiquid over-the-counter (OTC) instruments.
Central Asia to Gain New Exchange
ALMATY, Kazakhstan-A consortium of firms is set launch a commodity exchange in Central Asia-dubbed JSC Eurasian Trading System (ETS)-in the first quarter of next year, according to consortium officials.
RTS Debuts FIX-based DMA System
MOSCOW-In the face of the financial crisis, Russian Trading System Stock Exchange (RTS) officials are working on technology projects in an attempt to lure foreign investors.
TSE Sets 2010 Launch for Arrowhead
TOKYO-Operators of the Tokyo Stock Exchange (TSE) now expect to take Arrowhead, the exchange's new cash-equities platform, originally planned for a mid-2009 launch, live in January 2010, according to an exchange spokesperson.
Agora-X Set to Debut Platform
KANSAS CITY, MO.-In a matter of weeks, Agora-X expects to launch the first phase of its electronic over-the-counter (OTC) commodities options trading platform, officials tell DWT .The first part of the trading platform will be an ECN, "which will allow…
RTS Rolls Out Global Upgrades
NEW YORK-Dramatic growth in trading and market data messaging is driving exchange gateway provider RTS Realtime Systems Group to upgrade a bevy of exchange interfaces, which should be accomplished in the next three months, DWT has learned.
Nasdaq OMX Sets January New Quote Launch
NEW YORK-Exchange operator Nasdaq OMX Group plans to launch its second U.S. protected quote on Jan. 6, pending approval by the U.S. Securities and Exchange Commission (SEC), according to officials.
NYSE Euronext Sets Spring Launch
PARIS-Exchange operator and technology provider NYSE Euronext is set to launch a new market model for warrants and certificates, dubbed Spring, on Jan. 19, 2009, say officials.
Futures Exchanges Vie for OTC Market
CHICAGO & ATLANTA-The current economic turmoil is forcing some U.S. derivatives exchanges to diversify their products and operations to meet the new customer demands and earnings challenges.
Citi Preps European Cross
NEW YORK-Investment banking giant Citi plans to roll out its Citi Match crossing network in Europe early next year, DWT has learned.
MTF Growth Expected to Be Short-Lived
LONDON-Multilateral trading facilities (MTFs) continue to sprout up in Europe, but many industry participants expect that venue consolidation is just around the corner.
Bats Europe Gains FSA Approval
LONDON-Bats Trading, operator of the U.S.-based exchange Bats, has received authorization from the U.K. Financial Services Authority (FSA) to operate a multilateral trading facility (MTF) in Europe.
BOX Targets Blocks
BOSTON-Operators of the Boston Options Exchange (BOX) expect to offer their clients the ability to trade block orders by the beginning part of 2009, DWT has learned.
CNQ Loses Horizon
TORONTO-The Canadian Trading and Quotation System (CNQ), an exchange for the Canadian micro-cap stock market, was implementing a new trading system as DWT went to press on Oct. 17.
Icap Plans to Launch MTF
LONDON-Interdealer broker Icap is one step closer to achieving exchange status as it prepares to deploy a new multilateral trading facility (MTF), according to officials.