One year after Australian Posit was introduced in Australia, Melbourne-based broker Burdett Buckeridge & Young has made decent inroads with its equity order-crossing system. To date, BBY has managed to attract an average liquidity of about A$200 million (U.S.$151 million) at each of its two daily crosses.
As to actual matches between buy and sell orders, Australian Posit is currently executing an average of A$5 million ($3.8 million) at each crossing session. Matched orders have ranged as hig
Also: Trading Technologies is developing an OMS for the sell side and Orbital Insight is embracing a platform-as-a-service model.Subscribe to Weekly Wrap emails