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News & Commentary
Content tagged with Exchanges posted in October 2009
Early Thoughts On SEC Dark Pool Regulation
Commentary  |  10/30/2009  | 
The SEC put forth a series of proposals it believes will enhance transparency, reduce asymmetries, and enhance public confidence in the equity markets but discussing these proposals in advance of releasing them in written form has raised significant confusion in the industry.
Senate Subcommittee Questions Industry Insiders on Market Structure Issues
News  |  10/28/2009  | 
Lawmakers gathered for a hearing to question industry participants and gather information on dark pools, high frequency trading, sponsored access and flash orders.
Nasdaq Builds A Social Network
News  |  10/28/2009  | 
Letting Nasdaq devotees swap stock tips.
ITG Testifies at SEC Hearing on Dark Pools, Etc
News  |  10/28/2009  | 
Bob Gasser, CEO, of ITG is testifying today before the Senate Subcommittee on Securities, Insurance, and Investment Committee on Banking, Housing and Urban Affairs on the topic of dark pools, flash orders, high frequency trading and other market structure issues. His testimony can be read : https://www.itg.com/news_events/Senate_Testimony_102809.pdf
Turquoise To Launch Exchange Traded Commodities
News  |  10/28/2009  | 
Turquoise announced it will expand its services to include six Exchange Traded Commodities (ETCs) for trading on its multi-lateral trading facility (MTF).
SEC Drafting Proposals on Sponsored Access, HFT
News  |  10/27/2009  | 
At SIFMA’s Annual Meeting SEC Chairman Mary Schapiro announced that she has asked her staff to come up with two new market structure proposals focusing on sponsored exchange access and high frequency trading.
Q&A With Bats COO Chris Isaacson — Managing IT for A Growing Exchange
News  |  10/23/2009  | 
Developing proprietary programs, measuring latency, expanding the footprint and meeting the ever-increasing need for speed.
CME Group Names Sammann MD Financial Products, Services
News  |  10/22/2009  | 
CME Group has named Derek Sammann managing director of financial products and services.
SEC Takes Dramatic Stance on Dark Pools with Rule Proposal
News  |  10/21/2009  | 
In an SEC meeting today in Washington, D.C., the regulator proposed a new rule that ultimately aims to move flow out of the dark and into the lit markets.
Demonizing the Dark
Commentary  |  10/21/2009  | 
Adam Sussman, TABB Group’s director of research, comments on the SEC and dark pools, specific to today’s SEC open meeting in Washington, DC beginning at 10:00 am ET to consider whether to propose regulatory changes regarding dark pools.
Senator Schumer’s Six Proposals for ATS Regulation
News  |  10/21/2009  | 
Following yesterday’s press conference call with NYSE chief executive Duncan Neiderauer, Senator Chuck Schumer (D-NY) sent an official letter to SEC Chairman Mary Schapiro with six proposals to regulate alternative trading systems (ATSs) more like traditional exchanges.
Senator Schumer: Level Playing Field for Exchanges, Non-Exchanges
News  |  10/20/2009  | 
Senator Chuck Schumer (D-NY) has called on the SEC to create a “level playing field” by regulating alternative trading systems (ATSs) and dark pools more in line with exchanges.
NYSE to Shine Flashlight on Dark Pools
News  |  10/20/2009  | 
Goldman Sachs, Getco, Barclays Capital, Knight, and UBS have all agreed to "print" dark pool trades to NYSE Euronext's Trade Reporting Facility.
7ticks Expands Relationship with Telx
News  |  10/20/2009  | 
New Chicago data center space offers Telx customers direct market access and ultra low latency connections via 7ticks network.
Chi-X Europe Launches Chi-Velocity
News  |  10/19/2009  | 
Chi-X Europe has launched Chi-Velocity, a proximity-hosted risk management software layer co-located next to the Chi-X Europe primary matching engine that enables trading participant firms to offer ultra-low latency sponsored DMA to their clients.
RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger
News  |  10/18/2009  | 
RiskMetrics Recomends NYFIX Stockholders Vote Yes to NYSE/Euronext Merger
Nomura Releases First U.S. Equity Algos
News  |  10/16/2009  | 
Continuing the build out of its U.S. electronic trading offerings, Nomura has released a core set of algorithms for equities as part of its global ModelEx strategies.
Oslo Bors to Launch Derivatives Marketplace
News  |  10/16/2009  | 
Oslo Bors has announced it will establish Oslo Connect, a new regulated marketplace for trading over the counter derivatives.
Nasdaq OMX Announces New Listing Market
News  |  10/16/2009  | 
The new market called BX is for companies that do not qualify for an exchange listing.
Nasdaq OMX to Launch Third Equity Trading Platform in U.S.
News  |  10/15/2009  | 
Plans to launch new price/size priority model in 2010, using license acquired from PHLX.
Mismi Selects OneTick Data Management Solution
News  |  10/15/2009  | 
Mismi, a call-market crossing solution scheduled to launch in the fourth quarter, has licensed OneMarketData’s OneTick Database for data management, analytics and complex event processing.
How Wall Street's Gearing Up for Carbon Credit Trading
News  |  10/14/2009  | 
A flood of U.S. firms have streamed into Europe's carbon credit trading system; in this and other ways firms are forging ahead under the assumption that the Senate will pass a climate change bill that creates a market for trading carbon credits.
NYSE and DTCC Finalize New York Portfolio Clearing Venture
News  |  10/14/2009  | 
NYSE Euronext and the DTCC have finalized their New York Portfolio Clearing joint venture for clearing U.S. fixed income cash and derivatives.
BOX Names New CEO
News  |  10/13/2009  | 
The Boston Options Exchange (BOX) has named Tony McCormick as its Chief Executive Officer, effective immediately.
SunGard Provides Solution for Moroccan Securities Industry
News  |  10/13/2009  | 
SunGard has enhanced GL RIMS to provide a solution for the Moroccan Securities Industry.
Direct Edge Upgrades to Exegy's Exchange Connect
News  |  10/13/2009  | 
Direct Edge to use Exegy's Exchange Connect appliance to accelerate its view of away markets and speed up its routing solution.
RealTick Adds Goldman Sachs Connection
News  |  10/12/2009  | 
RealTick, Townsend Analytics’ multi-broker cross-asset electronic trading platform, has added Goldman Sachs to its international network.
Townsend Adds Goldman Sachs to Broker Network
News  |  10/12/2009  | 
Clients now have access to Goldman's trading algos, dark pool and smart order router.
NYSE Launches New Market Data Source
News  |  10/9/2009  | 
NYSE Technologies has implemented its SuperFeed data ticker plant and OneTick capture and time series analysis solution as the new market data content source for its Web site www.nyse.com.
NYSE Technologies Offers News and Market Data on nyse.com
News  |  10/9/2009  | 
Exchange's tech arm says it is serving two to three million data requests a day.
Nomura First Broker to Offered Sponsored Access to BATS Europe
News  |  10/8/2009  | 
Nomura will now be providing clients with direct access to the BATS Europe Multilateral Trading Facility (MTF).
Electronic Trading Today: New Requirements for an Increasingly Complex Global Marketplace
News  |  10/7/2009  | 
Electronic Trading Today: New Requirements for an Increasingly Complex Global Marketplace
Chi-X Canada and IFS Introduce Historical Data Service
News  |  10/7/2009  | 
Chi-X Canada and IFS Introduce Historical Data Service
NYSE Euronext Innovates at Warp Speed
News  |  10/6/2009  | 
NYSE Euronext and CIO Steve Rubinow are focused on doing things faster, including communication, development and, of course, competing in the low-latency trading arena.
TSE Launches New Options Trading Platform
News  |  10/6/2009  | 
The Tokyo Stock Exchange has launched its Tdex+ System, a new options trading platform.
Dark Pools 2009: Not So Dark Anymore
Commentary  |  10/5/2009  | 
A new report by Aite Group examines key trends within the dark pool market, highlighting the major changes to the dark pool market over the last 12 months and profiles of 26 dark pools.
Instinet Plans to Launch BLX Dark Pool for Crossing Block Trades
News  |  10/5/2009  | 
BLX will pool and consolidate small orders from multiple parties into block-size trades faster than peer-to-peer systems, contends Instinet.
TSE Launches Tdex+System for Options and Market Maker Scheme
News  |  10/5/2009  | 
TSE's advanced options trading system is based on Liffe Connect, which improves order processing response to 6 milliseconds.
Citi Wins Thai Stock Exchange Contract
News  |  10/2/2009  | 
Will serve as a settlement bank for the 39 clearing members of the Stock Exchange of Thailand.
LSE In Talks to Buy Turquoise
News  |  10/1/2009  | 
According to reports, the London Stock Exchange is in exclusive talks to purchase Turquoise Trading, the pan-European equity alternative trading system backed by a consortium of nine investment banks.
NYSE Euronext Appoints IBM Veteran Dominic Cerutti as Deputy CEO
News  |  10/1/2009  | 
NYSE Euronext taps Cerutti as both deputy CEO and global head of technology, also overseeing its competitive position in Europe.

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