Stock QuotesEXCHANGE NEWSWIRE, 12 September 2011

CME is in discussions with five states including Texas, Florida, Indiana, Louisana and Tennessee, and is still deciding whether to leave Illinois, according to Crain’s Chicago Business.

NYX CEO Duncan Niederauer commented that the current Euro-zone crisis supports the deal with DB1 and “it’s another example of an opportunity to create a market mechanism for transparent, open markets.”

BME will launch a central counterparty (CCP) “as part of a series of reforms” in the “not-too-distant” future, according to BME director Jorge Yzaguirre.

Micex-RTS merger received approval from the Federal Antimonopoly Service (FAS) of the Russian Federation, and RTS Board Chairman stated that “by the end of the year we will be a single company.”

Plus Derivatives Exchange (Plus-DX) appointed Vantage Capital Markets (VCM) as its first trading member.

Liquidnet conducted a survey which found that institutional traders are worried by high frequency trading (HFT), with concerns particularly high in global firms and in US and Europe. Liquidnet founder and CEO Seth Merrin stated that “the survey reveals that there is strong conviction among the vast majority of long-only traders that HFT is a negative for institutional investors trading in large size”.

Instinet appointed William McKeown as head of North American sales for its Meet the Street corporate access platform. McKeown previously worked in Knight Capital as a director in Knight corporate access since 2005, and prior to that also worked in Advest Group, Prudential Securities, Cowen Group and Credit Suisse.

 

Provided By: Equity Research Desk, www.erdesk.com

 

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