ITG has launched an enhanced version of its smart order router which, in early tests, has returned 35 per cent size improvement over the displayed quantity and USD0.0015 per share price improvement if routed to dark and lit venues. “This
Algorithmic trading is taking hold in foreign exchange – in part due to fallout from the 2013 FX “fixing scandal.” Foreign exchange represents one of the world’s biggest, most liquid and most electronic marketplaces. But while algorithmic trading has become
The London Metal Exchange (LME) has executed the first voice-brokered trade of its LME Steel Scrap contract. The trade was executed on 4 May 2016 by INTL FCStone Ltd on behalf of Stemcor. The new additions to the LME’s ferrous
Markit’s FX pricing distribution hub service has added the Moscow Exchange (MOEX) to its network of trading venues, providing FX market participants worldwide cost effective trading access to one of the world’s fastest growing exchanges. MOEX’s FX ruble market
Pragma Securities, a provider of algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing. The algorithm is based on patterns detailed in a
Quaesta Capital AG is an independent Swiss financial services provider with a primary focus on currency management. Based in Pfaeffikon, Switzerland, Quaesta Capital AG was founded in 2005 and currently manages approximately USD3bn in currency volatility and global macro strategies and
FIX Trading Community is sponsoring the ISO Study Group to determine the rules for the allocation of the ISIN standard to derivative instruments. As part of this effort, FIX is documenting a set of best practices to support the creation
Vienna Stock Exchange is to continue to use Deutsche Börse’s trading technology. Both exchanges extended their contract by a further six years, at least until 2021. The co-operation partners of Vienna Stock Exchange will also use Deutsche Börse’s trading infrastructure.
The London Metal Exchange (LME) has unveiled the newly built Ring (pictured), the Exchange’s open-outcry trading floor, followings its successful relocation to 10 Finsbury Square in London on 1 February 2016. The Ring has provided a transparent and robust price-discovery
The Commodity Futures Trading Commission (CFTC) has issued an Order to the Korea Exchange (KRX) permitting certain KRX Members to solicit and accept orders and in connection therewith, accept funds directly from U.S. customers for trading on KRX without having
