Trading & Execution

Neuflize OBC, a subsidiary of ABN AMRO Group has outsourced its dealing activities to the BNP Paribas Securities Services’ dealing services desk for buy-side clients. »

7Hedge has launched exclusive FX services structured to provide clients in developing FX markets with dedicated access to an institutional network of Tier-1 solutions, previously reserved for global conglomerates. »

The number of portfolios managed and traded on the Fiserv’s wealth management platform has topped four million. »

Union Agriculture Group (UAG), the largest corporate agricultural landholder and operator in Uruguay, is to launch an initial public offering of shares to be listed on the Montevideo Stock Exchange (Bolsa de Valores de Montevideo). »

The Chicago Board Options Exchange (CBOE) and C2 Options Exchange plan to launch trading in "mini-options" that are one-tenth the size of standard options on five popular stocks and exchange-traded funds. »

The Credit Suisse Liquid Alternative Beta (LAB) Index was down 0.16 per cent in February, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse. »

Bank of America Merrill Lynch has launched Instinct Natural, an enhancement to its alternative trading system (ATS) Instinct X, aimed at increasing opportunities to execute block trades while minimising market impact. »

FTSE Group has launched the FTSE ORB Index Series, which has been developed in conjunction with Investec Bank. »

UBS Global Asset Management has listed a product line of exchange-traded funds on Borsa Italiana. Italian investors now have access to 61 new ETFs replicating 40 indices in equity, fixed income and alternatives. This is the largest one-time ETF listing in the history of Borsa Italiana. »

USForex, a foreign exchange provider, has launched a customised exchange platform for the US market. »