Despite recent delays to its planned launch, Project Turquoise, the multilateral Pan European trading facility established by a consortium of banks, is on its way to a 2008 launch with its CEO and CTO in place and two new partners.
Market Tumult Lifts Volume at Liquidnet and Pipeline
The jittery behavior of institutional investors and hedge funds could be good for alternative trading systems (ATSs) judging from the recent highs in dark pools. Two of the dark pools, Liquidnet and Pipeline, announced record high volumes last week.
NYSE Euronext Buys Amex to Snare Options Jewel
By acquiring Amex, NYSE Euronext will add a second U.S. options exchange license to its quiver and beef up its market share in U.S. equity options, exchange traded funds (ETFs) and structured products.
Electronic Futures Platform Challenges CME
On Friday, December 21, a consortium of liquidity providers and high-
frequency traders announced their intention to compete with the Chicago Mercantile Exchange and its parent CME Group Inc, initially in some of its largest futures contracts.
Portware Connects to NYSE MatchPoint
In preparation for the January 22nd launch of NYSE MatchPoint, Portware announced it has integrated with the portfolio-based point-in-time electronic trading facility. Portware's buy- and sell-side clients will have full access to the centralized matching environment.
NYSE MatchPoint Set for Launch
The U.S. Securities and Exchange Commission has approved the rules for NYSE Euronext's MatchPoint crossing network. MatchPoint is expected to officially begin trading on January 22, 2008.