The Q3 edition of Automated Trader is now online. AT readers don't tend to miss much, so it won't take you long to notice that we have two major themes running through this issue - India and regulation.

Industry Developments

Q3 Automated Trader

Who will emerge as the top SEFs in the post-Dodd-Frank landscape? GreySpark published a study that looked at who they were and what they were likely to be offering.

FIA EPTA published a set of best practice rules detailing recommendations on preventing market manipulation and controlling risks.

On the exchange front, ASX and SGX struck a co-location agreement, while London Metal Exchange shareholders approved the pending acquisition by HKEx. Also, NASDAQ OMX's contract to operate the TOCOM commodity derivatives platform was extended to 2019.

Fidessa has been chosen to provide Korea based Daiwa with a single trading platform across its Asian operations. Fidessa's trading platform was also selected by Newedge this week, with trading hubs in Chicago and London now live, and other platforms to be rolled out in Asia later this year.

Products and services

MarketAxess expanded of its suite of electronic trading protocols for credit market liquidity; Advent Software announced a collaboration with Data Agent to provide tools for hedge funds to meet Form PF reporting requirements; and ITG enhanced its Hedge Pro Algorithm with Switch Trade execution strategy.

Thomson Reuters expanded its Elektron data solutions for US customers; announced a partnership with GFI Group & SDIC Trust to create a Beijung based FX & money brokerage; and added tropical weather insight and analytics to the Eikon information desk.

Chilean brokerage house Larrain Vial employed FIX Flyer's Trade Simulation and Certification tool to test in-house algorithms and connectivity to the exchange and to MILA; SpryWare partnered with ORATS' options analytics data to offer forecasted dividends via SpryWare's feed handler technology; and Peresys, the subsidiary of IRESS, deployed its trading architecture in South Africa to take advantage of the recent relocation of the JSE matching engine from London to Johannesburg.

Meanwhile, following the recent introduction of equities trading in Indonesia and Malaysia, Liquidnet announced the addition of Turkish equities to its platform.

People in the news

Another scandal, another bank CEO departure, this time it's Nomura, where Chief Executive Officer Kenichi Watanabe and Chief Operating Officer Takumi Shibata resigned over an insider trading scandal.