Euroclear has bought the UK mutual fund order routing network EMXCo. The Brussels-based ICSD, which also owns the UK CSD (CRESTCo) says that by combining mutual fund order routing with settlement services it can shave 50% off fund manager costs, primarily through the elimination of manual processing, especially in set
The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data, which was compiled from more than sixty operators of electronic trading systems for fixed-income securities in the US, Eur
Last Thursday the Chicago Stock Exchange (CHX) launched its fully automated trading system in which participants can submit orders from any location for immediate display. "This roll-out is the culmination of a multi-year effort to meet the requirements of Reg NMS and satisfy the growing trend towards high velocity al
Connectivity vendor BT Radianz says it plans to expand capacity at its New York Area data centre by 150 per cent to meet growing demand for Radianz Proximity Solution, a service which aims to facilitate advanced trading strategies such as direct market access (DMA) and algorithmic trading. The investment is based on a