News
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.
Townsend Analytics Targets Asia
NEW YORK-Execution management system (EMS) provider Townsend Analytics plans to announce this week that it has incorporated trading algorithms and other execution services from UBS for the Asian and Canadian markets into its RealTick EMS platform, DWT…
Panel: BCP Technology Not Enough
LONDON-Those tasked with creating a firm's business continuity strategy should avoid being blinded by technology and never forget the human element, according to members of the financial services industry.
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.
Brazilian Exchanges Enter Defensive Pact
SÃO PAOLO, BRAZIL-In what can be seen as a defensive move, two Brazilian exchanges-Bovespa Holding and the Brazilian Mercantile and Futures Exchange (BM&F)-have announced their intent to merge to form the New Exchange.
Santander Plans Data 'Service Center'
Spanish banking group Santander is planning to create a global service center for IT and operations, covering market and reference data, to establish service benchmarks and define roadmaps for future data usage, officials say.
Turquoise Unveils Pricing, Test Schedule
European multilateral trading facility Turquoise last week unveiled preliminary fee levels that it plans to charge for its feed of quote and trade data, after a one-year fee waiver that will apply from when the trading venue goes live in August this year.
Pioneer Expands TheMarkets.com Rollout
Dublin-based asset manager Pioneer Investments plans to deploy TheMarkets.com's equity and fixed-income research platform for investment staff at offices in Eastern Europe, in an ongoing rollout of the vendor's platform as part of an internal research…
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.
Australia Preps for New Liquidity Pools
SYDNEY-Australian markets can expect to see an explosion in liquidity sources as the Australian Securities Investment Commission (ASIC) is expected to grant a number of alternative trading systems operating licenses as soon as June.
Brokers Unfazed by Exchange Algos
LONDON-As exchange operators, such as NYSE Euronext, plan to develop and deploy their own trading algorithms, few sell-side firms consider the offerings to be a competitive threat, according to industry participants.