From the January 01, 2012 issue of Futures Magazine • Subscribe!

New for traders: Financials

BATS Global Markets announced the completion of the Chi-X Europe acquisition. BATS intends to combine the BATS Europe and Chi-X Europe MTFs, which will be known as BATS Chi-X Europe and will account for approximately 25% of overall European equities trading, making it the largest pan-European securities market.

The Hedge Fund Association (the HFA) announced that it was launching a new chapter to advocate for hedge funds domiciled in Switzerland, Italy, Spain and Portugal and has named José Castellano, managing director of Pioneer Investments, an asset manager with $230 billion assets under management, as the Southern European Union Chapter Director.

Deutsche Börse and Istanbul Stock Exchange are working together to cooperate in several business areas. Both exchanges support the mutual understanding of developments in each other’s securities markets, carry out joint research projects or seminars on topics of mutual interest and assist each other in marketing activities in Germany and Turkey.

Direct Edge aims to open a Rio de Janeiro-based exchange by 4Q12, and also has plans to form partnerships for a clearing platform soon, according to the firm’s CEO William O’Brien, as quoted in Valor Economico. The report also added that BVMF3, which owns the CLBC clearinghouse, is unwilling to open its infrastructure to competitors.

Dow Jones Indexes announced that Matrix Funds Management has licensed the new Dow Jones Canada High Dividend 50 Index to underlie the Matrix Dow Jones Canada High Dividend 50 Fund. This open-end mutual fund was launched by Matrix Funds Management.
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