Saturday, June 6, 2009

Chi-X expands European reach with Portuguese stocks

Chi-X Europe, a pan European multilateral trading facility (MTF) owned by agency brokerage Instinet, will start offering Portuguese stocks from 26 June.

From this date, five stocks from the PSI20 index – EDP Renovaveis, Energias de Portugal, Galp Energia, Portugal Telecom SGPS and Zon Multimedia Servicos de Telecomunicac will be made available for trading.

BATS Europe grabs record market share in key indices

BATS Europe, the pan-European multilateral trading facility (MTF) backed by US exchange BATS, achieved record market shares of the total value traded on four major European indices on 2 June, the first full day of its inverted price promotion for NYSE Euronext-listed stocks.

Cameron quits Orc to launch consultancy

John Cameron, architect of the CameronFIX Engine acquired by Orc Software in 2006, has left his role as the firm’s chief technology officer to establish an IT consultancy, Cameron Edge, which will specialise in services relating to electronic trading systems and the FIX messaging protocol.

LeveL ATS adds new order type for block trading

LeveL ATS, a non-displayed trading venue for US equities, has launched a new order type called SmartBlock, which gives participants control over trading activity at the venue level when executing blocks of stock.

SmartBlock allows investors to control the rate of execution if a stock deviates from the expected arrival price.

Cameron quits Orc to launch consultancy

John Cameron, architect of the CameronFIX Engine acquired by Orc Software in 2006, has left his role as the firm’s chief technology officer to establish an IT consultancy, Cameron Edge, which will specialise in services relating to electronic trading systems and the FIX messaging protocol.

LeveL ATS adds new order type for block trading

LeveL ATS, a non-displayed trading venue for US equities, has launched a new order type called SmartBlock, which gives participants control over trading activity at the venue level when executing blocks of stock.

SmartBlock allows investors to control the rate of execution if a stock deviates from the expected arrival price.