Nasdaq's eSpeed has added U.S. Treasury bills to its electronic government bond trading platform and reports that it is already seeing notional average daily volume exceeding $4 billion and daily highs exceeding $10 billion. ESpeed says the introduction of T-bill trading is part of a larger plan to "ultimately complete the entire Treasury complex," and the move also signals Nasdaq's efforts to further diversify into fixed income, currency and commodities.
UBS Neo and trueEX have launched live order book trading of market-agreed coupon or MAC swaps, the standardized futures-like swaps that quant funds have long-anticipated could lend themselves to live streaming prices. MAC swaps have never before been listed as live actionable prices.
Bloomberg Tradebook announced a new exchange-traded fund trading service this week that it says is the first anonymous electronic request-for-quote (RFQ) service for ETFs. The service enables investors to anonymously access block liquidity from buy-side ETF liquidity providers in the U.S. and Europe.
It has been more than half a year since the first made-available-to-trade deadlines in February signaled the real launch of swaps trading on Swaps Execution Facilities or SEFs, and the trends on SEF usage remain so erratic that it's hard to read the tea leaves.
Not to be outdone, Markit has launched a standard protocol-based chat service, which enables banks to host and manage instant message chat rooms. The announcement comes less than one week after the launch of Symphony Communications Services, a consortium-backed open chat platform led by Goldman Sachs.
Charles Schwab is reportedly close to launching a new service that will compete with low cost services targeting new investors known as robo-brokers. The new service, being developed in-house is expected to be a free service, an unidentified source told Reuters.
The much-anticipated chat service that Goldman Sachs has been rumored to be working on with startup messaging company Perzo was formally announced Wednesday under the brand name Symphony.
Liffe London's soft commodity futures and options contracts are now listed on ICE Futures Europe, completing the first phase of Liffe's transition to the ICE trading platform. The ICE trading platform is also home to ICE Futures US soft commodity futures and options, marking the first time that global soft commodities are available side by side on the same platform.
A significant amount of the world's trading activity is accessed by just 10 data centers in or around New York, Chicago, London, Frankfurt and Singapore, according to a recent TABB Group report....
International Securities Exchange has filed forms with the Securities and Exchange Commission to launch its third options exchange, to be called ISE Mercury. The expansion comes just one year after ISE launched its second options exchange, ISE Gemini, and it will bring the total number of U.S. options exchanges to 13.