KTS’s Arcontech unit has released version 3.4 of its AXE trading platform, aimed at brokers offering trading in derivatives such as contracts for difference (CFDs), to the retail market.

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ING Wholesale Banking, part of ING Group, this week became the latest dealer to join Tradeweb’s online fixed-income and derivative trading network, in a push to increase its client network distribution capabilities. The bank says it is using Tradeweb’s multi-dealer model to “expand and intensify” its customer base into pension funds, asset managers, central banks, supranational and sovereigns on government bonds, European Commercial Paper (ECP) and deposits.

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Less than six months after LiquidityHub launched its Euro interest-rate swaps (IRS) service, the consortium of 16 investment banks behind the multidealer aggregation platform has moved swiftly to close down the service. Rumours had been circulating in the market that take-up of the service in a rapidly deteriorating market had been disappointing and that bank support for the platform was lukewarm at best.

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Euronext has signed an agreement to acquire 51% of SecFinex, in a deal due to close this quarter. The other main shareholders of the European electronic platform for securities lending are Société Générale Corporate & Investment Banking and Fortis Merchant Bank. SecFinex hopes to be able to extend its client base to members of Euronext and Euronext.liffe. Benefits for Euronext clients will include the provision of more efficient, cost effect-ive and automated access to the securi-ties lending market, the partners say.

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