T H E D E F I N I T I V E S O U R C E FOR TR ADING NE WS
VOL XLV ISSUE 22 4 - 10 JULY 2013 www.wallstreetletter.com
IN THIS ISSUE News People moves 04 Focus Fee chart 10
MORE NEWS INSIDE
TOP STORY
New vendor pilots market data analytics system
Simplified Financial Information is a new market data vendor based in New York TURN TO PAGE 04
LMAX eyes US market play
BY JEANENE TIMBERLAKE
BYX to add Last Sale data feed
BYX said the new Last Sale feed would be available to members and non-members for access to realtime, intra-day trade information TURN TO PAGE 07
Nasdaq plans intraday auctions in Nordics
Nasdaq OMX Nordic will add an intraday auction to its markets for Denmark, Finland and Sweden TURN TO PAGE 09
A US-based matching engine may be in the cards for LMAX Exchange, the UK-based multilateral trading facility for foreign exchange, according to CEO David Mercer. The company is looking into New York as the location for a new matching engine, he said. “All the major players have matching engines in London and New York,” he added. The company will first build up the business in London to create a solid base, he said, adding the US play would likely be next year. “We need to be in New York
at some stage in the next 12 to 18 months,” he said. The company has been considering such an expansion for a while, factoring the potential expansion into decisions about which data center to use, he explained. “We chose the LD4 data center [Equinix’s data center in Slough, UK] because of its cross connection to NY4 [the Equinix data center in Secaucus, NJ].” The new location would follow the launch earlier this year of the MTF’s second venue, LMAX TURN Interbank, which TO PAGE targets bank-only trade matching. 03
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