Exchange Technologies
Japanese Exchanges Seek to Standardize Platforms
NAGOYA & OSAKA-The potential first step toward a three-way exchange merger has taken place as the operators of the Central Japan Commodity Exchange (C-Com), Kansai Commodity Exchange (KEX) and the Osaka Securities Exchange (OSE) have inked a memorandum…
innerExchange Offers Canned Exchange
LONDON-Firms seeking to roll out custom trading venues now have another option, as FIX trading and connectivity provider innerExchange launched the makeYOURmarket.com platform that lets users create a custom electronic trading exchange on the fly, say…
EEX, Powernext to Integrate Systems
PARIS & LEIPZIG-The European energy markets are quickly consolidating trading venues as Paris-based energy exchange Powernext and Leipzig-based European Energy Exchange (EEX) plan to integrate their systems, say bourse officials.
SGX Readies Proximity Hosting
SINGAPORE-Traders on the Singapore Exchange's (SGX's) equities and derivatives markets can expect sub-millisecond trade executions in August as SGX rolls out a proximity hosting service, say SGX officials.
GS, MS, UBS Link U.S. Dark Pools
NEW YORK-Goldman Sachs, Morgan Stanley and UBS have opened their respective dark pools of liquidity to partnering firms, say officials from the three firms.
Nasdaq OMX Picks SOR Partner
LONDON-Global exchange operator Nasdaq OMX is set to reveal the vendor selected to provide low-latency data to support smart order routing on its Pan European Market multilateral trading facility (MTF), and will launch a hosting facility next month to…
LSE Charts MTF Response
LONDON-The operators of the London Stock Exchange (LSE) expect to double the messaging capacity of its TradElect matching platform by September to 10,000 continuous messages per second and eventually scale it to 50,000 continuous messages per second with…
Warsaw Exchange Adds Gateways
WARSAW-Accessing Eastern European Liquidity may get a little easier as the Warsaw Stock Exchange (WSE) plans to roll out two new gateways in the coming months, say bourse officials.
Bats Lands in New York
NEW YORK-Bats Trading, operator of the U.S.-based exchange-in-waiting Bats ECN, have taken up residence in lower Manhattan.
Taiwan Exchange to Retire FAST Engine
Taipei-As part of a local three-exchange consolidation, the Taiwan Stock Exchange (TSEC) plans to retire its fully automated securities trading (FAST) platform and replace it with a third-party matching engine, according to officials.
NYSE Euronext to Enter MTF Fray
NEW YORK-Global exchange operator NYSE Euronext plans to roll out its own multilateral trading facility (MTF), say exchange officials.
CA Cheuvreux Plans Crossing Engine
PARIS-Global agency broker, a member of Crédit Agricole (CA) Cheuvreux, is planning to launch its own internal dark pool crossing engine at the end of the summer, officials tell DWT .
Chi-X to Offer Smart Order-Routing
LONDON-Multilateral trading facility (MTF) Chi-X Europe plans to shake up the European markets by offering a smart order-routing capability to its clients, DWT has learned.
Bursa Malaysia to Expand DMA to Cash
Kuala Lumpur-Operators of the Bursa Malaysia plan to offer the exchange's members and members' clients direct market access (DMA) to Bursa Malaysia's cash equities market, DWT has learned.
Panel: European Market Will Consolidate
LONDON-Despite the growing number of new entrants in the post-Markets in Financial Instruments Directive (Mifid) landscape, in two or three years the European market will consolidate, according to industry observers.
Bats ECN Lands in London
NEW YORK-Bats Trading, operator of U.S.-based exchange-in-waiting Bats ECN, plans to go into production with Europe's latest multilateral trading facility (MTF) by the fourth quarter, say Bats officials.
Chi-X Gains New Headquarters
LONDON-Pan-European multilateral trading facility (MTF) Chi-X has recently moved out of agency broker and alternative trading system (ATS) operator Instinet's premises to its own office in London.
U.S. Adds Seventh Options Market
NEW YORK-After a nearly 14-month wait, the Nasdaq Options Market, owned by Nasdaq OMX Group, has gone live.
Eurex Readies High-Frequency Trading Interface
FRANKFURT-Eurex traders can expect faster and more streamlined access to the European futures exchange on April 14, with the planned launch of Eurex Transaction Services (ETS), which targets high-frequency trading, according to bourse officials.
Korea Gains First ATS
SEOUL-Agency broker and alternative trading system (ATS) operator Instinet and Korean investment bank Samsung Securities Co. announced the creation of an anonymous securities crossing network, dubbed KoreaCross, today, March 31.
NYSE Euronext, ADSM Ink Pact
NEW YORK & ABU DHABI-In a move to further expand its global presence, NYSE Euronext has signed a cooperation agreement with the Abu Dhabi Securities Market (ADSM), officials tell DWT .
CME Acquires Nymex
CHICAGO & NEW YORK-After extending exclusive acquisition talks, Chicago Mercantile Exchange operator CME Group has announced its purchase of the New York Mercantile Exchange (Nymex) for $9.4 billion in cash and stock.
HKEx Preps Remote Participation
HONG KONG-The Hong Kong Exchanges and Clearing (HKEx) is in discussions with telecommunications giant BT's Global Financial Services division to distribute market data and possibly trading capabilities via the vendor's RadianzNet financial intranet,…
Archangel Plans June Flight
NEW HOPE, PA.-Listed options block traders will have a new execution venue in a few months as alternative trading system (ATS) Archangel from software and network provider 3D Markets is set to go into full production by early June, vendor officials tell…