Platforms

 

TMX GROUP BOARD BACKS MAPLE TAKEOVER BID The board of TMX Group has finally recommended that shareholders accept a C$3.8 billion takeover offer from a consortium of Canadian banks and pension funds.

Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23108

 

BATS EUROPE MIGRATES TO EQUINIX DATA CENTRE

Binary Order Entry offers a new optional order entry method for participants to interact with the BATS Europe platform that further reduces latency. The full suite of BATS Europe order types will be available using Binary Order Entry, as well as the standard FIX protocol format.

http://www.finextra.com/news/announcement.aspx?pressreleaseid=41702

 

An Interview with Jeff Olsson, Group Executive, Technology, ASX

18/Oct/11

We have reduced latency from around 30 milliseconds five years ago to around 300 microseconds in ASX Trade at present (a hundredfold reduction). When the high speed matching facility (Purematch) goes live in Q4 this will be further reduced to around 100 microseconds.

The project is progressing according to the project schedule and still on track for the first system to go live at the end of the year (ASX Trade)

http://www.fst.net.au/Whoswho.aspx?id=471&op=au

 

ASX sheds light on recent outage, delays move to new data centre

03/Nov/11

ASX Limited has revealed the extent of the problems that shut down its ASX Trade platform last week for four hours and reportedly delayed its move to a new $32 million data centre in Gore Hill by three months.

http://technologyspectator.com.au/industry/financial-services/asx-sheds-light-recent-outage-delays-move-new-data-centre

 

Traders furious as glitch halts bourse

28/Oct/11

THE Australian Securities Exchange was working last night to repair the damage to its reputation after its recently installed trading system, run by the US exchange operator Nasdaq OMX, suffered its second setback in less than a year, causing a four-hour shutdown yesterday.

The outage also coincided with the final settlement day for October series exchange-traded options, leaving options traders furious.

http://www.smh.com.au/business/traders-furious-as-glitch-halts-bourse-20111027-1mm5o.html

 

Chi-X Australia reports successful debut

Chi-X Australia, the alternative trading platform owned by exchange operator and technology provider Chi-X Global, traded a total of A$3.84 million across the six stocks available on the first day of its soft launch, with no reported technical hitches.

http://www.thetradenews.com/trading-venues/exchanges/6979

 

TERAEXCHANGE PLANS CENTRAL LIMIT ORDER BOOK FOR SWAPS AND OTC CLEARED DERIVATIVES

http://www.finextra.com/news/announcement.aspx?pressreleaseid=41715

http://www.teraexchange.com/

 

 

ERIS EXCHANGE RECEIVES CFTC APPROVAL TO BECOME A DESIGNATED CONTRACT MARKET AND ANNOUNCES THE LAUNCH OF BENCHMARK FORWARD STARTING INTEREST RATE SWAP FUTURES

http://www.erisfutures.com/sites/default/files/Eris_Exchange_Press_Release_10_31_11_0.pdf

 

MALTA STOCK EXCHANGE SIGNS FOR XETRA E-TRADING PLATFORM The Malta Stock Exchange is set to roll out Deutsche Börse's electronic trading system, Xetra.

Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23119

 

Dark Pools Don't See Bright Future in Canada

Despite several dark pool launches north of the border this year, growth of the sector in Canada could be impeded by stiff regulation and a well-entrenched 'upstairs market.'

http://www.advancedtrading.com/crossingnetworks/231600189?cid=nl_wallstreettech_daily

 

 

Clearing

 

DTCC to Create A Second Data Warehouse for Swaps

The Depository Trust & Clearing Corp. has asked the Commodity Futures Trading Commission to register a new storehouse called the DTCC Data Repository that will keep track of details on transactions occurring only in the United States in different classes of derivative swaps.
DTCC does have a global swaps repository called Trade Information Warehouse. But a provision of the Dodd-Frank Wall Street Reform Act is leading to the creation of a separate warehouse of data on U.S.-only swaps.

http://www.securitiestechnologymonitor.com/news/swaps-dtcc-registration-cftc-29475-1.html?ET=securitiesindustry:e2982:171544a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=STM_BNA_08302010_110111

HUGH BROWN JOINS EMCF AS DIRECTOR OF UK MARKETS

http://www.finextra.com/news/announcement.aspx?pressreleaseid=41811

 

EMCF INTEROPERABILITY SERVICE DESCRIPTION

In anticipation of the introduction of interoperability for Chi-X and BATS in January of next year we have produced a service description for your convenience.

The guideline contains practical and operational information about the set-up and processes around interoperability. The guideline can be found on our website under ‘projects’ and ‘interoperability’.

http://www.emcf.com/upload/uploads/111025%20Service%20description%20interoperability%20v1%20final.pdf

 

 

Participants

 

11-237AD MF Global
Tuesday 1 November 2011
ASIC is aware that companies in the MF Global group have been placed into administration. This impacts a number of companies in Australia.

http://www.asic.gov.au/asic/asic.nsf/byHeadline/11-237AD%20MF%20Global?opendocument

 

MF GLOBAL COLLAPSE HITS PATSYTEMS

Shares in UK screen-dealing software house Patsystems fell over 10% yesterday on news of the collapse of MF Global, a major customer accounting for recurring revenue of around £3 million.

Full story: http://www.finextra.com/news/fullstory.aspx?newsitemid=23110

 

MF Global Workers Face Tough Job Market
Recruiters are flooded with resumes as workers at MF Global Holdings race to get hired before peers.

http://www.wallstreetandtech.com/career-management/231902206?cid=nl_wallstreettech_daily