Direct Edge CTO Steps Down
The exchange operator said Steven Bonnano will leave the company in May and that a search for candidates has commenced.
FTSE Unveils iPhone Market Data App
Britain's FTSE Group announced the launch of an iPhone app that enables users to stream real-time market data and keep track of indices in more than 50 countries.
Algo Testing Mandate a Solid, But Impractical Idea
CFTC commissioner Bart Chilton recently proposed a bold idea: Exchanges and regulators should test trading algorithms before they go to market and perhaps award them a "Good Housekeeping Seal of Approval" before launch.
Instinet's new midtown Manhattan trading floor encompasses the global agency broker's execution services in single stocks, North America, international equities trading, global program sales and trading, derivatives sales and trading as well as special situations desk.
NYSE Euronext, TSE Agree to Link Their Networks
In a follow-up to its merger with Deutsche Boerse, NYSE Euronext announced it reached a deal with the Tokyo Stock Exchange to allow their customers to access each exchange's markets through a linked network.