Less than two weeks after completing its acquisition of institutional FX market Hotspot, BATS Global Markets announced plans to expand into Europe with the launch of a London-based matching engine later this year.
A startup bitcoin trading marketplace founded by Wall Street veterans has enlisted Nasdaq to provide it with high-performance trading technology used by exchanges around the world. The marketplace, called Noble Markets, sought Nasdaq technology to lend legitimacy to its platform for the institutional clients it is aiming to attract.
Australia's Asia Pacific Stock Exchange announced it has completed an upgrade of its trading platform to a new system powered by Nasdaq technology. The exchange said the upgrade was made to support efforts to expand out of Australia and across Asia.
CME Group is in talks with BGC Partners to buy two GFI Group technology units that it lost out on when BGC won the protracted bidding war for its rival interdealer broker GFI, Bloomberg reported....
FX trading platform LMAX Exchange is launching LMAX Prime, a prime of prime service to provide retail brokers, hedge funds and asset managers with credit intermediation and customized liquidity arrangements that include access to multiple FX venues.
BNY Mellon is launching a new service for investment managers trading bank loans that will enable firms to automatically transmit loan trade documents to BNY Mellon through secure online channels. The service, scheduled to launch in April, replaces manual processes such as transmitting documentation by fax or email.
Nasdaq is launching a new energy futures exchange with support already lined up from trading firms, inter-dealer brokers and futures commission merchants, the company announced. The exchange, to be called Nasdaq Futures, or NFX, promises to deliver a transparent fee structure and reduced costs.
A new corporate bond trading platform in the process of launching this quarter aims to help buy side firms execute large block trades with each other – based on dealer prices. The platform, Electronifie, is essentially creating two separate markets to accommodate its interpretation of the shifting in roles in the corporate bond market.
Aequitas Neo, Canada's soon-to-launch stock exchange designed to curb predatory trading, will use Solarflare's server adapters as well as time stamping and network monitoring technology when it goes live later this month. The exchange has a third industry test scheduled for March 7 and plans to launch for trading on March 27.
The electronic bond trading space continues to see a flurry of new product announcements with expanded e-trading offerings from MTS Markets, OpenBondX and MarketAxess. The moves come as bond market observers continue to decry the reduced broker inventories in corporate bonds and speculation persists as to when interest rates may begin to rise in the U.S.