Compression provider LMRKTS has formed a strategic partnership with Tradition, a wholesale market broker in over-the-counter financial and commodity related products, which will initially handle execution and compression processing unique to FX Forwards. A limited release is planned for August
Bats Global Markets is to launch the Bats Auction Mechanism (BAM), new functionality that provides price improvement opportunities for orders sent to its EDGX Options Exchange. Bats plans to launch BAM in November, pending SEC approval. The company’s two US
Marex Financial, part of the Marex Spectron Group, which offers financial and brokerage services for the commodity markets worldwide, has become a general clearing member (GCM) of European Commodity Clearing (ECC). Admission as a GCM allows Marex Financial to provide
Intellect Design Arena has launched Intellect OneMARKETS, an end-to-end platform encompassing the complete spectrum of securities trading and asset services. The platform aims to provide financial institutions with three key advantages – speed, single integrated view and straight-through-processing. Intellect
Japan Exchange Group (JPX) has gone live with a new Nasdaq-powered trading system for its subsidiary, Osaka Exchange. "We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange," says Lars Ottersgård, executive
Large institutions are shifting trading volume to algorithmic avenues of execution as the overall commission pool remains flat, according to a study from Greenwich Associates. Greenwich Associates, which conducted interviews with 223 US equity portfolio managers and 321 US equity
Bats Global Markets has created the Bats Community Policing Program for its US equities and options exchanges, an initiative designed to further enhance the company’s capabilities in monitoring markets. “We believe this initiative will be an important innovation in the
Neptune, the open standards network for pre-trade indications in bond markets, has formed a new company, Neptune Networks Ltd, to run the utility. The board will be comprised of members of the banks and asset managers involved in the collaboration
EBS BrokerTec and ICAP Information Services (IIS) have launched the EBS CNH Benchmark, a fully electronic, trade-backed reference rate for the offshore Chinese renminbi (CNH) market. The benchmark has been launched following considerable interest from a number of major Chinese
Wolverine Trading UK Ltd (Wolverine’ has become a Member on TOM MTF as of 23 June 2016 and will start quoting as Market Maker in options. TOM MTF has accepted a number of new members recently and expects more in
