Breaking News

SEC Checks Role of “Quote Stuffing” in May Flash Crash

September 2, 2010 - The Securities and Exchange Commission is looking into whether a trading practice known as “quote stuffing” is responsible for the May 6th “”flash crash” and for placing some investors at a disadvantage by distorting stock prices, according to an article published in the Wall Street Journal on Thursday.

BATS Europe to Butt Heads With Chi-X Europe Over Depositary Receipts

September 1, 2010 - BATS Europe will soon compete head on with Chi-X Europe in trading international depositary receipts. The subsidiary of U.S market operator BATS Global Markets has set September 3 as the date it will begin trading depositary receipts pending regulatory approval and its review of its clearinghouse European Multilateral Clearing Facility.

Icap to Introduce E-Trading for Interest Rate Swaps

September 1, 2010 - The world’s largest interdealer-broker Icap has laid claim to introducing the world’s first electronic market for interest rate swaps.