Brokerage

Nasdaq OMX plans to make it easier for market makers to publish quotes on its Nasdaq Options Market by giving them technology they already use on sister exchange Nasdaq OMX PHLX. At the same time, the exchange operator will expand and tighten market makers' quoting requirements.

The biggest institutional options brokerage gave a thumbs-up to the International Securities Exchange's new clean cross.

This year's reconstitution of the Russell indexes saw trading volumes for affected stocks nearly double, but the spike in trading came at the end of the day, with active traders not changing their behavior in anticipation, according to a new report by Credit Suisse.

Sanford Bernstein is now offering access to its suite of trading algorithms via SunGard's global client network.

Despite the failed merger of the Toronto Stock Exchange and the London Stock Exchange, a new era in equities with a greater reliance on technology is still expected to take hold in Canada. U.S. vendors of electronic trading see opportunities as a result of the changing market structure there.

Citi is preparing to offer a second option to its Citi Match dark pool, building a new alternative trading system called Citi Cross to be opened before the end of this year.

Jamil Nazarali and Matt Cushman, two former Knight Capital Group executives, will join Citadel in September to lead a new effort in quantitative trading at the $11 billion hedge fund. Nazarali spent 11 years at Knight, where he ran its electronic trading business globally....

The Securities and Exchange Commission's new market access rule, set to go into effect on July 14, has brokers scrambling to comply with a set of regulations many feel are too confusing, and are also likely to be more expensive than originally anticipated.

The Securities and Exchange Commission is unlikely to take action any time soon on two of the most important outstanding rule proposals affecting the options industry. According to Heather Seidel, an associate director in the SEC's Division of Trading and Markets, the...

Chris Concannon, a senior executive with market maker Virtu Financial and former head of transaction services at Nasdaq OMX Group, recently addressed the topic of high-frequency trading at Sandler O'Neill + Partners' annual global exchange and brokerage conference. Here's what he had to say on pick-offs, future algorithms and minimum quote duration.