Americas

Canaccord Capital, a Canadian broker, has joined trading systems provider Fidessa’s global connectivity network.

Patsystems, a derivatives trading solutions provider, has become an independent software vendor for the derivatives segment of Brazilian exchange group BM&F BOVESPA, allowing the firm to offer clients direct market access (DMA) to BM&F BOVESPA’s derivatives market.

Electronic order books and market makers will continue to benefit from the changes to US market structure wrought by new pricing models, technology and regulation, while use of floor traders will continue to decline, according to a new study from research firm Celent.

The migration of NYSE Euronext’s European equities and exchange-traded funds to the Universal Trading Platform (UTP) will allow the exchange group to compete more effectively in post-MiFID Europe, according to Roland Bellegarde, group executive vice president and head of European execution at NYSE Euronext.

Barclays Capital, the investment banking arm of the UK’s Barclays Bank, said it plans to become a best-of-breed global multi-asset execution service provider following the acquisition of the North American assets of collapsed US bank Lehman Brothers.

The International Securities Exchange (ISE) has established an alternative primary market maker program to support new listings.

InfoReach, a trading technology provider, is to have its InfoReach trade management system (TMS) distributed in the emerging markets by Marco Polo Network, an electronic trading platform.

IT firm Sungard’s acquisition of trading technology company GL TRADE will give European buy-side firms better access to Sungard’s trading product suite and allow Sungard’s US buy-side clients to tap brokers in Europe and Asia.

Software provider Progress Apama has predicted strengthening Brazilian demand for algorithmic trading solutions after unveiling its first client in the country, broker Ágora Corretora de Titulos e Valores Mobiliaro.

US post-trade processing firm Depository Trust and Clearing Corporation's (DTCC) member-owned structure could complicate its battle to acquire European clearing house LCH.Clearnet.