Abel/Noser Solutions (ANS) has released its annual Global Broker Performance Study, which ranks global brokerage firms on their ability to demonstrate best execution for clients and includes a breakdown of the top brokers in the North American, European and Asian
The Australian government has granted LCH.Clearnet an extension to its existing clearing and settlement facility licence enabling it to offer its SwapClear OTC interest rate swap clearing service directly to Australian banks. As members of SwapClear, Australian banks will
Electronic order books (EOBs) continue to dominate the Nasdaq market for covered shares, a report by Celent has found. Their cumulative share has grown from 76 per cent in September 2013 to 78 per cent. That of market-makers has
BTIG Limited has hired Matthew Cyzer, former Partner and Head of European Equity Salestrading at Goldman Sachs in London, to head its equities sales and trading group and spearhead the further expansion of its European business. Cyzer will serve as
LCH.Clearnet has launched its SwapClear Futures Commission Merchant (FCM) service. US interest rate swap (IRS) clients are now able to access this market leading service through any of the 12 FCMs already connected to the service. Six clients have cleared executed
FIX Protocol Limited (FPL), the non-profit, global, industry standards organisation that owns and develops the FIX Protocol messaging language, has issued best practices recommendations to support the trading of Credit Default Swaps (CDS) and Interest Rate Swaps (IRS). As Dodd–Frank
The Eurex KOSPI Product exceeded 500,000 traded contracts last Friday for the first time since its launch on 30 August 2010. Average daily volume has been increasing steadily, reaching more than 11,000 contracts in March 2011. On 18 January, Eurex
Global institutional trading network Liquidnet is planning to enter the fixed income market with its acquisition of bond trading platform Vega-Chi. The partnership, subject to regulatory approval, will combine Liquidnet’s experience, scale and global reach within the institutional investment community
Oslo Børs has upgraded Oslo Connect, its OTC derivatives MTF trading and price discovery system, to the latest version of Edge, which is provided by Baymarkets. Edge is the trading and registration platform used by exchanges, brokerage firms and banks
Newedge has expanded its extensive Financial Information eXchange (FIX) connectivity network to include the Johannesburg Stock Exchange’s (JSE) derivatives markets. Newedge clients can now immediately access the JSE’s widely traded FTSE/JSE Top 40 Index futures contract, as well as select
