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TABB Says Buy Side Use Of Algorithms Will Rise To 35% In 2011, On Par With High-Touch Sales Traders For The First Time - New Research Details Low-Touch Trading Trends In The US Equity Markets Based On Interviews With 123 US-Based Asset Managers And Hedge

Date 14/07/2010

With asset managers and hedge funds in the US accounting for nearly one third of the share volume traded in 2010, up sharply from a low of 25% in December 2008, the overall effect on the institutional equity brokerage industry is a wash: trading volume is down but not as much as the rest of the industry. Meanwhile, TABB Group, in a new research report published today, says that the use of low-touch algorithms will reach 35% in 2011, for the first time on par with high-touch sales traders.
Deutsche Börse Systems Selects Equinix As Strategic Data Centre Provider In Frankfurt - Eurex And Xetra Customers To Benefit From Enhanced Capacity And Further Reduced Latency

Date 14/07/2010

Deutsche Börse Systems, the IT division of Deutsche Börse Group, and Equinix, Inc., (Nasdaq: EQIX), a provider of global data centre services, today announced the completion of a strategic data centre services contract, which will both increase data centre capacity and improve execution times for algorithmic traders located in Frankfurt. From 2011 onwards, Equinix’s FR2 International Business Exchange (IBX) data centre, will serve as the new main data centre for Deutsche Börse Group in Frankf
Opening Statement, Chairman CFTC – Technology Advisory Committee, Commissioner Scott D. O’Malia

Date 14/07/2010

Today’s inaugural meeting of the CFTC – Technology Advisory Committee will address the necessity of applying appropriate risk management and best practices for high frequency and algorithmic trading.
Speech By SEC Chairman Mary L. Schapiro: Opening Statement At The SEC Open Meeting

Date 14/07/2010

Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on July 14, 2010.
UBS AG Exchange Traded Access Security (E-TRACS) Linked To The Alerian Natural Gas Index To Begin Trading On NYSE Arca

Date 14/07/2010

NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the UBS AG Exchange Traded Access Security (E-TRACS) Linked to the performance of the Alerian Natural Gas Index (NYSE Arca: MLPG) due July 9, 2040. Issued by UBS AG, this exchange traded note is a senior unsecured medium-term note, which may issue a quarterly coupon during their term less the accrued fees.

Opening Statement Before The Technology Advisory Committee - CFTC Chairman Gary Gensler

Date 14/07/2010

Good afternoon. Thank you Commissioner O’Malia for chairing today’s meeting of the Technology Advisory Committee. This is the Technology Advisory Committee’s first meeting since its charter was renewed this year. The futures marketplace has evolved substantially over the course of the last decade. We’ve gone from open outcry trading to predominantly electronic trading platforms. In fact, in today’s futures marketplace, roughly 90 percent of the market is traded electronically.
Enforcement Chief Counsel Joan McKown To Leave SEC

Date 14/07/2010

The Securities and Exchange Commission announced today that Joan McKown, the longtime Chief Counsel of the Division of Enforcement, will depart the agency to become a partner in the Washington office of the law firm Jones Day.
NYSE Arca To Introduce New Collar To Safeguard Market Orders

Date 14/07/2010

NYSE Arca, a unit of NYSE Euronext (NYX), has filed with the Securities and Exchange Commission to introduce a new price collar designed to safeguard the execution of market orders. The new price collar will be introduced on July 15, 2010 and is the latest in a series of steps implemented to improve market practices and structure since the "flash crash" of May 6, 2010.
DFSA Funds Regime Revised To Create More Competitive Financial Hub - DIFC-Based Fund Managers Can Now Manage Funds Outside Of The DIFC - Foreign Fund Managers Can Now Manage Funds In The DIFC

Date 14/07/2010

The Dubai International Financial Centre Authority (“DIFCA”) today welcomed a series of regulatory changes to the DIFC’s Collective Investment Funds regime (“the Funds Regime”). The changes were made following recommendations made by a panel of market practitioners (“The Panel”) and implemented by the Dubai Financial Services Authority (“DFSA”) on 11 July 2010.
FORTS: Inter-Month Spread Credits To Be Introduced For Positions In Silver Futures And Options

Date 14/07/2010

Starting from July 15, 2010 RTS Stock Exchange will provide an inter-month spread credit for opposite positions in futures and/or options on refined silver. When entering into such opposite positions (i.e. when selling a futures/option and simultaneously buying a different contract month), market participants will be required to only post Initial Margin on one of the contracts (whichever is the largest).