News
LSE, Borsa Italiana to Use TradElect
LONDON & MILAN—Officials from the London Stock Exchange (LSE) and Borsa Italiana announced last week that both bourses plan to standardize on the LSE’s TradElect trading platform after the two exchanges merge.
Euronext.liffe to Launch Stirs Algo
LONDON—European derivatives exchange Euronext.liffe plans to debut a new trade matching algorithm for its short-term interest rate (Stirs) futures contracts on Aug. 20, exchange officials say.
Swift to Revamp Global Network
NEW YORK—The Society for Worldwide Interbank Financial Telecommunication (Swift) is preparing a global upgrade of its network infrastructure, which will include a new redundant operations center located somewhere in Europe, Swift officials tell DWT .
3D Markets Preps Options ATS
NEW HOPE, PA.—A new equities options alternative trading system (ATS) from start-up vendor 3D Markets is preparing to take flight, vendor officials tell DWT .
Citi Poised for ATD Acquisition
NEW YORK—Global banking giant Citi is in advanced negotiations to purchase Mount Pleasant, S.C.-based electronic brokerage firm Automated Trading Desk (ATD), according to media reports.
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