Algorithmic trading

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/Algorithmic trading

CLSA to launch dark pool in Asia

CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Agricole, is preparing to launch a dark pool exclusively for block trading in Asia.

/Algorithmic trading

Algo trading winning out over alternative execution strategies - TradingScreen

Investors using algorithmic trading tools are seeing significant improvements in performance over alternative execution strategies, according to an analysis of deal activity at 200 hedge funds and asset managers conducted by EMS vendor TradingScreen.

/Algorithmic trading

Bats chooses Savvis to host European platform

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has selected IT vendor Savvis to host its new European equities platform which it plans to launch later this year.

/Algorithmic trading

Bats to launch in Europe

US-based Bats Trading, the all-electronic alternative to Nasdaq and Nyse, has confirmed it is planning to launch its platform in Europe later this year and compete with the region's domestic stock exchanges.

/Algorithmic trading

Nasdaq OMX to launch pan-European market for blue chips

Newly-merged market operator Nasdaq OMX has disclosed plans to launch a pan-European trading and routing platform for the most actively traded blue chip stocks.

/Algorithmic trading

Nyfix launches European dark liquidity ATS

US trading technology vendor Nyfix has launched its Euro Millennium platform, a UK regulated multi-lateral trading facility (MTF) for non-displayed liquidity in pan-European listed cash equities.

/Algorithmic trading

Nyse Arca provides routing to dark liquidity

Nyse Euronext says it is launching a new "routing and price improvement service" that will provide users of its Arca electronic trading platform with access to non-displayed liquidity.

/Algorithmic trading

US study shows 55+ venues competing for equities e-trading business

There are more than 55 different execution venues competing to match buyers and sellers and trade equities electronically in the US, according to a new report from analyst group Tabb.

/Algorithmic trading

TSX to launch alternative trading facility

The Toronto Stock Exchange is gearing up to launch a new trading facility designed specifically for "high-velocity traders" using automated and algorithmic trading strategies, which will operate alongside its central limit order book.

/Algorithmic trading

Nasdaq OMX invests in OTC commodity mart Agora-X

The newly merged Nasdaq OMX Group is acquiring a 20% equity stake in Agora-X - a new US marketplace for over-the-counter (OTC) commodity contracts - for $7.5 million.

/Algorithmic trading

Weeden and Pragma launch OnePipe dark pool aggregator

US institutional broker Weeden & Co has teamed with New York's Pragma Financial Systems to launch OnePipe, a single crossing network that taps up to 25 dark liquidity pools.

/Algorithmic trading

BT to host Turquoise trading platform

Turquoise, the multi-lateral trading facility established by nine leading European investment banks, has chosen BT to provide secure hosting for its trading platform and low-latency connectivity.

/Algorithmic trading

Disaffected Orc staff resurface at Tbricks

Former employees of Swedish trading system vendor Orc Software, who left the vendor in acrimonious circumstances in late 2006, have resurfaced at the helm of a new auto-trading company called Tbricks.

/Algorithmic trading

Mitsubishi deploys Fidessa BlueBox for algo trading

Japan's Mitsubishi UFJ Securities (MUS) has completed the first phase roll-out of a new algorithmic execution service which is based on technology developed by UK vendor Fidessa.

/Algorithmic trading

BNY ConvergEx to set up new UK broker dealer unit

BNY ConvergEx is establishing a new broker dealer division in the UK that will house all its European-based businesses and services for the institutional investment community.

/Algorithmic trading

Instinet to launch Chi-X ATS in Australia

Interagency broker Instinet is gearing up to launch its Chi-X alternative trading system in Australia which will compete with services provided by the Australian Stock Exchange (ASX).

/Algorithmic trading

BNY ConvergEx adds Credit Suisse options algorithms to Eze OMS

BNY ConvergEx is to provide users of its Eze order management system with direct access to options algorithms developed by Credit Suisse's Advanced Execution Services (AES) unit.

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European stock exchanges facing 'perfect storm'

Lee Hogkinson, CEO of virt-x says Europe's incumbent exchanges are about to enter a 'perfect storm' of new competition driven by powerful forces of deregulation and tremendous advances in the speed and intelligence of trading technology.

/Algorithmic trading

BNY ConvergEx order type taps dark and displayed liquidity

BNY ConvergEx has released TactEx, a suite of advanced direct market access (DMA) order types that allow traders to access dark and displayed liquidity simultaneously.

/Algorithmic trading

Santayana replaces Balarkas at Credit Suisse

Credit Suisse has appointed Manny Santayana as head of sales at its advanced execution services (AES) unit, replacing industry veteran Richard Balarkas who announced a surprise move to Instinet Europe last month.