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Electronic Crossing Network News

All the latest Electronic Crossing Network (ECN) News for Automated Trader

August 26th, 2008 - SAVVIS to Provide Connectivity to the International Securities Exchange Depth of Market Feed

SAVVIS Exchange Express Provides Low Latency Direct Connectivity to ISE

Varghese Thomas, VP & General Manager, Financial Services, SAVVIS: "This partnership with ISE marks our commitment to meeting the needs of the market."

SAVVIS has announced that the company will provide access to the International Securities Exchange (ISE) Depth of Market Feed, a real-time data feed that provides the aggregated volume of all quotes and orders available at each of the top five price levels for options that ...continued

BATS Trading Inc. promotes Jessi Kingsbury to chief financial officer
July 21st, 2008 - BATS Trading Inc. promotes Jessi Kingsbury to chief financial officer full story
Chi-X Europe Extends Trading Services to Belgian Stocks
July 10th, 2008 - Chi-X® Europe Limited has announced that it is trading, clearing and settling five of the top component stocks of the Belgium BEL 20 index. full story
Study of NYFIX Millennium Trade Executions Shows Significant Reduction in Market Impact Across Market Sectors and Trading Strategies
June 25 2008 - NYFIX, Inc.has announced that research conducted by Quantitative Services Group LLC has confirmed that executions through its alternative trading system, NYFIX Millennium exhibit lower cumulative price impact compared to a broad universe of trade execution venues. Specifically, QSG’s research revealed that Millennium reduced market impact costs across a number of market sectors ranging from large-cap to micro-cap stocks. Further, the study showed that stocks characterized by earnings or price momentum, which are typically more difficult to trade on traditional exchanges, saw significantly lower relative cumulative impacts costs when executed through NYFIX Millennium. full story
Chi-X Europe Extends Trading Services to Norwegian and Danish Stocks
23 June 2008 – Chi-X® Europe Limited has announced that it is successfully trading, clearing and settling five of the top component stocks of the Oslo OBX 25 and OMX Copenhagen 20 indices, and plans to introduce the remainder of the indices’ names by the end of the month. full story
Equiduct Trading’s best price (VBBO) freely accessible for Thomson Reuters customers
June 13th, 2008 - Börse Berlin has announced that the core element of its Equiduct Trading platform, the VBBO (Volume Weighted Best Bid and Offer), is now able to demonstrate its quality as a trading benchmark for European markets. full story
NSX Launches Cost Savings Calculator
June 9th, 2008 - National Stock Exchange has introduced a new tool, the NSX Cost Savings Calculator full story
BNY ConvergEx Group Launches New ConvergEx CrossBoard to Bring Enhanced Liquidity to Its Block Crossing System
June 2nd, 2008 – BNY ConvergEx Group, has announced that it has introduced new functionality to its block crossing system. full story
NYFIX, Inc. announcesthe release of Appia v5
June 2nd, 2008 - : NYFIX, Inc. has announced the release of Appia v5, the newest version of its FIX engine. full story
Interactive Brokers Joins Direct Edge's Enhanced Liquidity Provider Program
April 21st, 2008 - Direct Edge ECN Today Announced That Interactive Brokers Has Joined its Enhanced Liquidity Provider ("ELP") Program. full story
BATS Chooses SAVVIS to Support International Expansion
April 14th 2008 - SAVVIS, Inc. (NASDAQ:SVVS), announced that BATS Trading, Inc. (BATS), one of the world’s fastest growing market centers, is being deployed in SAVVIS’ London (Docklands) data center, with live trading on the BATS European equities trading platform to commence later this year. full story
NYFIX Marketplace Expands into Latin America with CMA Partnership
April 2nd 2008 - NYFIX, Inc announced today that it has entered into a partnership with Consultoria, Metodos, Assessoria e Mercantil S.A. (CMA), a multinational Brazilian company focused on providing technology solutions to the financial markets. The partnership adds approximately 60 Latin American brokers to the NYFIX Marketplace, one of the leading fully-managed, FIX-based trading communities in the world. The partnership provides both NYFIX and CMA clients with efficient access to increasing amounts of liquidity. full story