Six Firms to Publish European Crossing Volumes
Six firms have launched an initiative to improve transparency in post-trade over-the-counter equity markets by reporting the volumes of cash equity trades crossed in their automated crossing systems through a service provided by Markit.
SEC Announces Proposed Circuit Breaker Rules
In response to the May 6 “flash crash,” the SEC is publishing proposed circuit breaker rules to pause trading in certain stocks if the price moves 10 percent or more in a five minute period.
Clearstream Rolls Out Securities Depository
Clearstream teamed with Luxembourg’s central bank to create a securities depository service with an eye on reducing risk by allowing investors to settle securities deals in central bank money.
Burgundy Applies for Exchange Status
Burgundy has applied for authorization from the Swedish Financial Supervisory Authority to operate a regulated market as an exchange for listing and trading warrants, certificates, exchange traded funds (ETFs) and structured products.
Trade Volume in Latin America Surges as Brazil Leads Way
Trading volumes on Latin American exchanges are soaring, with Brazil leading the charge on the strength of a commodities-based economy that emerged unscathed from the global economic crisis, according to a report by Tabb Group.
Barnes Named CEO of UBS MTF
Robert Barnes has been named chief executive offices of UBS’ new multilateral trading facility (MTF) – UBS MTF.
Breaking Down the Market Meltdown
In a letter to customers, BATS CEO Joe Ratterman commented on how the NYSE's slower mode may hurt the broader market and how order handling differences must be addressed.
Investigations Underway into Wall Street Selloff
The Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint statement saying they were working closely with other financial regulators and exchanges to review, “the unusual trading activity “ that took place on May 6, 2010.
Tabb: HFT, Fat Fingers and Market Insanity
May 6, 2010 saw a complete meltdown of liquidity in a five-minute period of time and whether it was caused by high frequency trading or the lack thereof or it was an algos-gone-wild moment or was caused by a trader fat-fingering an order, we need to get to the bottom of this - and fast.
Nomura to Roll Out Dark Pool in Hong Kong
Nomura will launch its NomuraCross (NX) dark pool in Hong Kong at the end of May after recently receiving approval for an ATS license by the Securities and Futures Commission (SFC).
NYSE's Trading Floor of the Future
The complete renovation of the New York Stock Exchange’s trading floor is under way as the market aims to reposition itself and offer traders space and tools to access all markets.