Regions

Equities trading platform BATS Europe’s market share grew to 0.97% by value on 23 January from 0.85% on 16 January, according to the MTF’s new market share display facility, launched today.

Fidessa, a provider of trading, compliance and connectivity solutions, has hired two new staff as part of its expansion in the Middle East, and plans to set up a regional headquarters in Bahrain.

NYSE Euronext, the global exchanges group, and BIDS Holdings, a broker-dealer and alternative trading system operator, have received approval from the Securities and Exchange Commission to launch a new block trading venue.

Exchange group Nasdaq OMX has delayed the launch of the planned central counterparty (CCP) for its exchanges in Copenhagen, Helsinki and Stockholm, and has scrapped plans to include Nordic-specific features in the CCP and establish a Nordic clearing fund in response to comments from members.

Turquoise, a broker-backed multilateral trading facility (MTF), has announced a new tiered pricing structure amid claims that buy-side traders are not benefiting from lower execution costs resulting from competition between European trading venues.

US equity trading venue Direct Edge’s pursuit of exchange status for its two trading platforms, EDGA and EDGX, will put it on the same regulatory footing as its three biggest rivals – the New York Stock Exchange (NYSE), Nasdaq and BATS Exchange.

Technology provider Charles River Development is expecting to attract more South African buy-side firms to use its Investment Management System (IMS) in 2009 after signing three companies last year.

US Investment managers that are taking active measures to reduce expenses are targeting average cost cuts of 22% by the end of 2009 as falling portfolio values shrink revenues, according to a new survey by research and consulting firm Greenwich Associates.

Rival US equity trading venues are eroding exchange group Nasdaq’s trading market share of the stocks it lists, according to a new study by research consultancy Celent.

US equities trading venue Direct Edge will extend the trading hours on its three platforms – EDGA, EDGX and the newly acquired ISE Stock Exchange – in response to international and local client demand.