Nasdaq OMX installs low-latency Colombian trading platform
The Bolsa de Valores de Colombia (BVC), Colombia’s domestic stock exchange, has launched a new high-speed cash equities trading system powered by Nasdaq OMX technology.
Americas
Credit Suisse AES forges derivatives links
Investment bank Credit Suisse’s Advanced Execution Services (AES) division, which supplies algorithms and trading tools to the buy-side, has expanded its derivatives capabilities by joining financial software firm Orc’s ExNet broker connectivity network and launching a joint offering with US options pricing and analytics firm Derivix.
FXall adds netting service to trading platform
Electronic foreign exchange trading platform FXall has launched Cross Currency Netting, a new feature enabling users to manage high-value multi-currency exposures in volatile markets.
US broker hires ex-Credit Suisse exec as head of fixed income trading
US institutional brokerage Concept Capital has hired Allen Oppici, a former Credit Suisse executive, as director of fixed income sales and trading, marking the firm’s entry into the fixed income market.
Dark trading doubles in US despite volatility – Rosenblatt
US dark pool trading more than doubled in 2008, according to an analysis by boutique agency brokerage Rosenblatt Securities.
ITG adds global trading to Triton EMS
Investment Technology Group (ITG), an agency broker and technology provider, has added global electronic trading capabilities to its Triton execution management system (EMS).
Chi-X Canada to launch X-Factor promotion
Chi-X Canada ATS, an alternative trading venue for Canadian equities, will launch a month-long inverted maker-taker pricing structure in an effort to attract new business to the platform.
Markets at “critical” juncture – new global exchanges head
William J. Brodsky, the newly-appointed chairman of the World Federation of Exchanges (WFE), asserted that the global financial markets are at a “critical juncture” in their evolution, as the federation laid out three priorities for 2009.
NYSE initiatives cater for high-frequency traders
NYSE Euronext, a global exchange group, has announced new transaction pricing structures for the New York Stock Exchange (NYSE) and NYSE Arca, in a move to attract more high-frequency business to both trading venues.
NYBX bids to take block trading out of the dark
US-based exchange operator NYSE Euronext and BIDS Trading, a broker-dealer and alternative trading system operator, hope to revolutionise block trading in the US with the New York Block Exchange (NYBX), their new dark pool joint venture.