SEB has been approved as trading participant on Chi-X Europe (Chi-X), a pan-European alternative trading system (ATS) or multi-lateral trading facility (MTF) under the EU Markets in Financial Instruments Directive (MiFID). Launched this year, Chi-X offers market participants an alternative to trading on traditional stock exchanges. By connecting to Chi-X, SEB will offer its clients access to the platform’s growing list of pan-European equities. SEB says that its connection to Chi-X will complement the bank’s current offering of 38 equity and derivatives exchanges in Europe and the US. SEB is currently in the process of deploying the third generation of its electronic equities trading platform, SEB Trading Station, which it claims offers improved performance and functionality and will be extended to include algorithmic trading and smart order-routing. SEB will offer client access to Chi-X from mid-November 2007.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.