Content tagged with Exchanges posted in June 2010
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Liquidnet Won Second U.S. Patent on Trading System; ITG Dismissed Counterclaim
In April, ITG voluntarily dismissed its counterclaim against Liquidnet for tortious interference with prospective business relations, according to Liquidnet.
Speed and Market Efficiency: Competition Over Mandate?
When the speed of the price provider and the price taker are not in parity, the market becomes inefficient and seemingly unfair. We can mandate slower markets, a wider quote or faster technologies, or hold market professionals accountable and let competition run its course.
Chi-Tech Brings European Trading Network MarketPrizm To North America
Chi-Tech, a subsidiary of Chi-X Global Inc., said today that it expanded its European trading network and infrastructure service MarketPrizm to North American firms.
Take Heed The Lessons From The 1962 Flash Crash
The original Flash Crash occurred on May 28, 1962. The Dow Jones Industrial Average fell sharply in 20 minutes that day, with some stocks plummeting more than 9 percent in less than 12 minutes. The SEC launched an investigation, but its cause remains undetermined.
NYSE And Corvil Launch Website Dedicated To Latency Transparency Across Exchanges And Market Data
The site, LatencyStats.com, was created to serve as a basis for best practices in latency transparency, and is a free online tool that allows market data publishers and users to compare latency performance on a like-for-like basis as verified by Corvil.
NYSE Euronext Outsources Billing to Firm58
Sets up online self-service billing facility for NYSE Euronext's U.S. equities and options members to check daily balances, historical data and trade-by-trade detail.
Liquidnet to Debut Trading of Mexican Equities
Liquidnet Holdings Inc. said today that its clients will be able to trade Mexican equities through its platform as the firm looks to capitalize on nation’s growing economy.
BATS COO Criticizes Nasdaq Circuit Breaker, Calls for Market-Wide Effort
Nasdaq’s plan to deploy its own circuit breaker during times of volatile trading will hinder the overall regulatory push towards a market-wide system aimed at preventing a repeat of the May 6 flash crash, BATS Exchange COO Chris Isaacson tells Advanced Trading.
Omega ATS Launches New Matching Engine ThymeX
Boosts performance of order executions in micro-seconds for ATS, making Omega ATS one of the lowest latency trading venues in Canada.
KAM Deploys StreamBase to Aid High Frequency Trading Strategies
Brazilian asset manager Kairos Asset Management said today that it will begin using StreamBase Complex Event Processing to handle the firm’s high frequency trading strategies for a range of assets, including derivatives, FX, and equities.
BTIG Annual Commissions for Charity Day
BTIG, a New York-based broker-dealer, held its 8th annual Commissions for Charity Day earlier this month. The event raised more than $4 million for donation to over 100 children's charities across the country. Celebrities including Michael J. Fox, Matt Dillon, John McEnroe, Joe Girardi, Reggie Jackson and Nick Swisher were on hand to help answer phones and support their chosen charities.
Nasdaq Dubai Eyes Higher Volume in Switch to DFM Platform
Nasdaq Dubai said today that equities listed on the exchange will now be traded on the Dubai Financial Market platform X-Stream as part of a bid to boost trading volume.
Nasdaq OMX, FactSet Team to Give Corporate Intelligence
Nasdaq OMX said today that it formed a partnership with analytical applications provider FactSet Research Systems Inc. to create a research platform enabling users to monitor public and private companies along with global capital markets in real-time.
Hedley & Company Selects +Trader to Monitor U.K. MTFs
Hedley & Company Stockbrokers said today that it will use +Trader’s data platform to monitor multilateral trading facilities across the U.K., including Chi-X and the London Stock Exchange-controlled Turquoise.
DTCC Begins Aggregating Trade-For-Trade Obligations To Help Industry Reduce Costs And Enhance Efficiencies
The service reduces the number of trade-for-trade transactions requiring financial settlement.
Nasdaq Circuit Breaker to Limit Wild Swings in Single Stocks
The Nasdaq Stock Market LLC said today that it will implement a single circuit breaker aimed at protecting investors and listed companies during times of volatile market activity.
SmartPool Announces Record Volume Growth in May
European dark pool created by NYSE Euronext said it's now the third largest dark MTF offering in Europe overall.
Regulators Approve Nasdaq OMX’s Purchase of Nord Pool Asa
Nasdaq OMX said today that regulators approved its deal to acquire Nord Pool Asa, giving the exchange operator possession of the world’s largest power derivatives exchange.
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Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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