BIDS Trading has set a launch date of April 7 for its buyside offering, which allows traders to send and receive uncommitted orders, according to Tim Mahoney, ceo.
Nasdaq OMX Group is looking to build out its Global Index Data Service to allow individual index providers to set up their own distribution line via a commercial partnership, according to Jeff Kimsey, associate v.p. for U.S. Product Management.
Boston Options Exchange is seeking to increase its client base by cross selling to other firms located at Equinix NY4 data center, according to John Goode, chief information officer.
MND Partners, an agency-only brokerage based in New York, is seeking to double its trading staff this year on the heels of moving to the New York Stock Exchange’s revamped trading area for floor brokers, according to Neil Catania, co-founder.
The Chicago Board Options Exchange plans to eliminate broker discretionary voting for uncontested elections of directors.
The ELX Futures Exchange is in the process of developing its offering for options.
Derivatives trading hubs planned for The Qatar Exchange are expected to launch next year, said Stuart Sloan, chief of staff and head of strategic development at NYSE Liffe.
Nasdaq OMX Group’s intention to acquire North American Energy Credit And Clearing Corp. is seen as more of a diversity play than anything else, according to Christopher Allen, analyst at Ticonderoga Securities.
GAIN Capital Partners is looking to provide co-location services to its clients for its GAIN GTX platform, according to Andrew Haines, chief information officer.
Nasdaq Stock Market has proposed to add another order routing option for its DOTI routing strategy.
The Frankfurt Stock Exchange expects to unveil additional details about its move to an all-electronic trading environment this summer, which will require a change for the specialist model.
Bloomberg Tradebook has added four new electronic options trading algos that it plans to expand upon and will roll out new ones in a few months.
More trading firms will be buying into NYSE Liffe U.S. as it works toward its goal of selling a 49% stake, according to Tom Callahan, executive v.p. and head of NYSE Liffe U.S., who spoke at NYSE Euronext’s investor day Wednesday.
NYSE Euronext is exploring opportunities to expand the reach of its lit multi-lateral trading facility, NYSE Arca Europe, through partnerships with other MTFs.
The London Stock Exchange is looking to integrate Turquoise and Baikal management teams in the next couple of weeks as part of its effort to combine the two systems into one dark pool.
Nasdaq OMX Phlx has eliminated the non-directed customer order label and consolidated it under the customer designation for the option names that trade under a maker-taker pricing model following concerns voiced by the Securities and Exchange Commission.
Mizuho Securities USA is bolstering its fixed income division, and is seeking traders and sales personnel for a new high-yield team.
The Chicago Board Options Exchange grabbed the most market share for the month of February, executing 30.74% of trades, a slight increase over its January share of 29.58%.
NYSE Amex has added a professional designation for customers who have access to the same information and technology as broker-dealers.
The newly-approved short sale rule will require exchanges to make some changes to their systems, according to David Herron, ceo of Chicago Stock Exchange.
As written, current sponsored access proposals that require broker-dealers to provide pre-trade risk checks will be difficult to enforce and will do little to help the risk management problem, said high-frequency trading firm officials at a TradeTech U.S.A. panel on Wednesday.
NorthPoint, a boutique prime brokerage firm that was recently acquired by BNY ConvergEx, will add ConvergEx algorithms to its offerings for hedge funds in a few months.
BM&FBovespa plans to adopt price breaks for high-frequency traders in an attempt to attract liquidity and more high-frequency shops to its market.
The International Securities Exchange plans to offer a minimum quantity order type in order to increase the number of opportunities for execution.
Knight Capital Group is planning to provide facilitation capital to complete institutional client trades as the final leg of its options capabilities build-out for institutional clients, according to Reginald Brown, co-head of listed.
Nasdaq OMX Phlx said it wants to allow concurrent listings of options with $3.50 and $4 strike prices for classes that participate in its $0.50 and $1 strike programs.
The Chicago Board Options Exchange plans to ask the Securities and Exchange Commission for the ability to execute benchmark-priced gamma-weighted average price options crosses.
Options firms are courting progressive long-only funds when it comes to enter the asset class, educating managers on how to trade options, according to panelists at the annual TradeTech U.S.A. conference Tuesday.
Fidelity Capital Markets has launched three new liquidity-driven algorithms that will work with the firm’s smart order router, Fidelity Dynamic Liquidity Management, and its dark aggregator, DarkSweep, which connects to more than 40 liquidity centers.
ELX Futures is on the offense again, accusing CME Group of including “unsupported assertions, misstatements, distortions and material omissions” in its 25-page letter to the Commodity Futures Trading Commission related to ELX's proposal for the exchange of futures for futures.
Chi-X Europe chief operating officer Hirander Misra has resigned.
Hudson Fiber Network, a provider of networking solutions, plans to set up data hubs in Tokyo, Singapore and London in six months.
Fewer investors are undertaking transaction cost analysis for foreign exchange trading activity, according to the third annual Global FX Market Study by the CME Group, released today.
The Chicago Board Option Exchange believes the current lack of regulation in dark pools “poses risk to investors and to the market,” according to a strategic and competitive update letter to its members and staff.
NYSE Amex plans to eliminate position limits for options contracts on exchange-traded funds that overlying 1,000 shares, otherwise known as jumbo contracts.
The first round of conversion for the options symbology initiative went off without a hitch, according to trading executives.
The North American Securities Administrators Association and the National Investor Relations Institute are questioning the intent of the Securities and Exchange Commission’s proposal to further regulate dark pools in early comments on the issue.
Rosenblatt Securities and UBS are among brokers that have recently joined the UNX trading connectivity network to access faster, more customizable executions.
NYSE Euronext in Paris and the Deutsche Börse have earned top rankings for the electronic order book (EOB) and off-EOB equity trading volumes, respectively, in January.
ConvergEx Group has taken customization to a new level with its latest volume algorithm that allows traders to control how much of their order they want to execute in different markets.
Pragma Securities is banking on the combination of six trading crosses to help it attract liquidity to its new dark pool, ONECROSS, launched last week.
Woodbine Associates has called for the Securities and Exchange Commission to release a clearly defined, explicit set of mandated baseline operational risk controls and procedures that can be applied uniformly across brokers providing sponsored access.
Reviews of the equity over-the-counter markets in Europe should focus on applying appropriate rules based on the trading structures with careful attention to the different types of trading, according to the Federation of European Securities Exchanges.
Thomson Reuters has begun to plan the integration process for the multi-asset trading platform it acquired as part of its purchase of Aegisoft, announced last week.
BM&FBovespa is anticipating changes in Brazilian market structure that would allow the exchange to operate a dark pool, according to comments made by executives to analysts on a conference call last Friday.
Bank of America Merrill Lynch’s Asia Pacific Electronic Trading division has upgraded its smart order router, speeding it up and increasing the amount of market data available.
The Boston Options Exchange is hoping to make its order routing pilot permanent.
Tactico and Omega are preparing technology that would work in the back office to reconcile issues caused by multi-market compression in Canada, according to Eric Stoop, managing director of Tactico.
The introduction of Tokyo Stock Exchange’s Arrowhead trading platform has lead to a significant reduction in bid-ask spreads, according to an in-depth analysis published last week by Nomura International.
NYSE Euronext is on track to launch New York Portfolio Clearing, the clearing initiative it is developing jointly with the Depository Trust & Clearing Corp. in the second half of the year.
TradeKing is planning to expand the reach of its online brokerage internationally and extend its coverage into futures.
Nasdaq OMX Phlx plans to allow a shorter period of time for resolving locked and crossed markets.
BATS Exchange has detailed to regulators the data offerings it plans to offer to its members and others.
The Chicago Board Options Exchange plans to eliminate a designated primary market maker (DPMs) and electronic DPM rule that requires the firms to hold an exchange membership at least for a year.
AQUA Equities has plans for a new algorithm that it hopes will encourage more brokers to use its alternative trading system for block trades, according to Kevin Foley, president and ceo.
Execution Noble, an investment bank and securities firm, plans to expand its North American footprint due to a recent investment it received from Banco Espirito Santo de Investimento (BESI).
The Securities and Exchange Commission has approved the Chicago Board Options Exchange’s request to eliminate minimum value sizes for all FLEX options and eliminate p.m. settlement restrictions for FLEX index options for a 14-month trial period.
Currensee, a social network site for FX traders, is expanding its trading platform with new real-time services.