NDAQ is testing its auction on demand service with easier reporting requirements. Nasdaq said dark pools are largely going out of business for European stocks.
IEX Group Brad Katsuyama appeared in Congress supporting buy-side concern about exchanges paying for order flow and conflicts of interests in the provision of market data.
HKEX and The Chinese Gold and Silver Exchange Society (CGSE) signed an MOU to consider cooperation on matters ranging from product promotion to storage vaults.
NDAQ Corporate Solutions and the Center for Board Excellence entered into a new partnership where at first NDAQ will introduce board assessments and compliance questionnaires to clients, and later this year they plan to offer an integrated workflow between Nasdaq’s board portal solutions and CBE’s EnGauge platform
LSE welcomed Nigeria's first Diaspora Bond which already raised Nigeria $300m. Retail bond aimed at Nigeria’s global expatriate community seeking to invest in the country’s development. This offers 130% subscribed demonstrating confidence in Nigeria’s economy and is the first bond of its kind from sub-Saharan Africa.
BME: IGBM decided to approve the composition of the IGBM and Indice Total indices for the 2nd half of 2017. Five stocks will be included in the index while three others will be excluded.
TMX: TSX NAVex centralized mutual fund solution recently welcomed National Bank of Canada and the National Bank Correspondent Network (NBCN) along with Desjardins Securities as approved dealers. On the fund side, the first 19 symbols have been reserved and are set to go live later this year. TSX NAVex expands dealer network and introduces new information portal designed to provide fund manufacturers with unique insight into activity.
SGX welcomed Shinhan Investment and Cathay Futures as new Trading Members of its derivatives market.
NZX: FMA annual Market Operator Obligations Review, which assesses and reports on NZX’s compliance within its statutory obligations was released today.
LSE purchased 100k shares at 3,733p per share, as part of its £200m repurchase program. Total purchases add 2.89m shares up to date.
Cinnober appointed Mattias Granlund as Deputy Chief Technology Officer (CTO) with immediate effect. Granlund was Team Lead for Consumer Identification at Klarna. He started his career at Google, where he held several roles including Quantitative Research Manager based in Mountain View, California.
Liquidnet extended its algo ranking model in Europe as part of the Virtual High Touch MiFID II service.
IHS Markit has launched its RPA Manager service aimed at helping the buy-side acquire investment research under MiFID II.
ESMA and FCA plan to toughen standards in retail online trading, asking for guaranteed limits to customer losses.
Hong Kong's Securities and Futures Commission (SFC) will review the short-selling regime and, “if necessary”, make changes.