Latest articles from Trading

Brazil’s stock exchange plays catch up

June 30, 2011

Previously reliant on their own resources or bank loans to raise capital, companies in Brazil are now recognising the benefits of listing. But it will take a while before the country's stock exchange catches up with others around the world.

Gerhard Grund

Competition heats up for eastern Europe equity listings

June 1, 2011

The trend toward giant international stock exchanges highlights the value of listing on a more specialised market for companies in central and eastern Europe. Warsaw and Vienna are competing for that business.

Derailed by politics

Will exchange consolidation be derailed by politics?

June 1, 2011

As exchanges attempt to forge international relationships, local regulators, banks and politicians are voicing concerns about a loss of sovereignty and influence. Could opposition derail the deals?

Objections will ultimately only delay exchange consolidation

June 1, 2011

Protestations concerning nationalism, protectionism and anti-trust legislation could jeopardise plans to merge global stock exchanges, but are unlikely to stop deals in their tracks.

London Stock Exchange

Escaping equities: exchange consolidation and new asset classes

May 3, 2011

The recent frenzy of exchange mergers is rooted in tough market conditions for US and European equity exchanges, forcing them to move away from their bread and butter operations to new asset classes.

Nikolay Egorov, senior vice-president and member of Micex's executive board

The appeal of electronic trading for emerging markets

February 16, 2011

Appetite for algorithmic and high-frequency trading strategies is rocketing, and many exchanges are gearing up to attract this flow. But significant regional disparities and regulatory barriers may hinder development.

Prop desk drawing

Rearranging the prop desk

December 23, 2010

Banks are reticent to discuss the consequences of the US's new Volcker Rule, restricting proprietary trading. While some analysts predict dire results for market liquidity, others suggest that bank leaders privately welcome the opportunity to pull out of risky prop-trading activities. Writer Silvia Pavoni

Temporary blip or long-term shift?

December 8, 2010

The third quarter of 2010 was a dismal time for banks' trading businesses. Virtually all of them saw precipitous falls from the third quarter of 2009. While most believed this year would not be as good as the last, does this slump suggest a more long-term decline for one of investment banks' stellar business lines? Writer Joanne Hart

Lee Porter

The emergence of Asia's dark pools

November 24, 2010

Alternative liquidity is surging in Asia, and dark pools are now leading this assault. However, some major market participants are lagging behind. Writer Michelle Price

CME struggles to find path to CDS clearing

September 29, 2010

The Chicago Mercantile Exchange has struggled to establish itself in credit default swap clearing against stiff opposition. However, it sees plenty of opportunities, starting with the launch of new trading platforms and the growth of business and partnerships overseas. Writer Geraldine Lambe

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