London's derivatives exchange, LIFFE , announced a strategic partnership with the Chicago Mercantile Exchange , including the cross-trading of each exchange's products.
The rise of cross-asset and cross-border trading has set people thinking about standardising communications.
But despite the demand for cross-border trading, investors still seem to prefer to use the relevant national exchanges.
For cross-asset trading, said Quill, it makes sense to have the same technology.
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MasterCard has also launched a multi-currency purse in Australia to encourage cross-border trading.
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It will feature integrated cross-asset trading, analytics and voice broker assistance services.
The European Commission insisted this week that Italy's reluctance to expand cross-border trading and to build new international transmission lines was partly to blame for the latest blackout.
That would make cross-border trading, in particular, far cheaper.
Quill said some firms are turning to cross-asset trading because the high frequency trading (HFT) business is now dominated by ultra high frequency trading firms whose massive investments in sophisticated hardware like FPGAs has made it difficult for smaller players to compete.
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This is a big failing, because clearing and settlement account for 80% of the cost of European cross-border share trading.
It also beat its peers in derivatives exposures, trading assets, cross-border risk, liquidity and market risk.
TeraExchange will offer cross-asset, multi-leg trading through integration with a wide variety of other global liquidity destinations, all accessible through its proprietary front end.
Europe's banks may have to deal with up to 31 different national and cross-border clearing and settlement systems when trading in European shares and bonds.
Others point to possible cross-subsidy from the monopolised settlement arm to the trading platform.
Angel's forecast is that markets will consolidate into cross-border alliances, maintaining local presences but providing international trading capabilities.
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"The report provides important information on cross-border transportation with Canada and Mexico, our largest trading and travel partners, " said Ashish Sen, director of the Bureau of Transportation Statistics.
Working with Lilien, Caplan integrated into one back office the retail and institutional bank, the lending department and the trading division, making operations more efficient and helping salesfolk cross-sell products to account holders.
As Americans have learned in seeking cross-border trade with individuals in Mexico, its notoriously debased peso makes our southern neighbors less attractive trading partners than if the peso were strong and stable.
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