Traders’ Guide Global Equity Markets
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William Capuzzi, Sarah Poulette, and Pamela Cheng
2014 - Q2EDITIONCONTACT INFORMATION
24-Hour Electronic Execution Desk
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0130 (Europe)traders@convergex.com
Electronic Sales Desk
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.
Global Portfolio and ETF Execution
Sales Trading
Operations
1 407 608 1900allocations@convergex.com
www.convergex.com
Global Trading Markets
COUNTRY CODE EXCHANGE
Australia AU Australian Stock ExchangeAustria AV Vienna Stock ExchangeBahrain BI Bahrian Stock ExchangeBangladesh BD Dhaka Stock ExchangeBelgium BB Brussels Stock ExchangeBotswana BG Botswana Stock ExchangeBrazil BS Sao Paulo Stock ExchangeBulgaria BU Bulgarian Stock ExchangeCanada CF Canada National Stock ExchangeCanada CT/CN Toronto Stock ExchangeCanada CV TSE VentureChile CI Chile CompositeChile CC Santiago Stock ExchangeChina CG Shanghai Stock ExchangeChina CS Shenzhen Stock ExchangeColombia CX Colombian Stock ExchangeCroatia CZ Zagreb Stock ExchangeCyprus CY Cyprus Stock ExchangeCzech Republic CP Prague Stock ExchangeDenmark DC Copenhagen Stock ExchangeEgypt EC Egyptian ExchangeEstonia ET Tallinn Stock ExchangeFinland FH Helsinki Stock ExchangeFrance FP Paris Stock ExchangeFrance NM Paris Stock Exchange New MktGermany GY Frankfurt Stock ExchangeGermany NY Xetra Neuer MarketGhana GN Ghana Stock ExchangeGreece GA Athens Stock ExchangeHong Kong HK Hong Kong Stock ExchangeHungary HB Budapest Stock ExchangeIceland IL Icelandic Stock ExchangeIndia IB Bombay Stock ExchangeIndia IS National Stock Exchange IndiaIndonesia IJ Indonesia Stock ExchangeIreland ID Irish Stock ExchangeIsrael IT Tel Aviv Stock ExchangeItaly IM Milan Stock ExchangeItaly NI Milan NI Stock ExchangeJapan JQ JASDAQ Stock ExchangeJapan JX Hercules Stock ExchangeJapan JN Nagoya Stock ExchangeJapan JO Osaka Stock ExchangeJapan JT Tokyo Stock ExchangeJordan JR Amman Stock ExchangeKazakhstan KZ Kazakhstan Stock ExchangeKenya KN Nairobi Stock ExchangeKuwait KK Kuwait Stock ExchangeLatvia LR Riga Stock ExchangeLebanon LB Beirut Stock Exchange
COUNTRY CODE EXCHANGE
Lithuania LH Vilnius Stock ExchangeLuxembourg LX Luxembourg Stock ExchangeMacedonia MS Macedonian Stock ExchangeMalaysia MK Kuala Lumpur Stock ExchangeMauritius MP Mauritius Stock ExchangeMexico MM Mexican Stock ExchangeMorocco MC Casablanca Stock Exchange(MTF) EB BATS Trading Europe(MTF) IX BATS CHI-X Europe(MTF) TQ TurquoiseNamibia NW Namibian Stock ExchangeNetherlands NA Amsterdam Stock ExchangeNew Zealand NZ New Zealand Stock ExchangeNigeria NL Nigerian Stock ExchangeNorway NO Oslo Stock ExchangeOman OM Muscat Stock ExchangePakistan PK Karachi Stock ExchangePeru PE Lima Stock ExchangePhilippines PM Phillipine Stock ExchangePoland PW Warsaw Stock ExchangePortugal PL Lisbon Stock ExchangeQatar QD Qatar ExchangeRomania RO Bucharest Stock ExchangeRussia RM Moscow Stock ExchangeRussia RU Russian Trading SystemSerbia SG Belgrade Stock ExchangeSingapore SP Singapore Stock ExchangeSlovenia SV Ljubljana Stock ExchangeSouth Africa SJ Johannesburg Stock ExchangeSouth Korea KS Korea CompositeSouth Korea KP Korea Stock ExchangeSouth Korea KQ KOSDAQSpain SM Madrid Stock ExchangeSri Lanka SL Colombo Stock ExchangeSweden SS Stockholm Stock ExchangeSwitzerland SW SIX Swiss ExchangeSwitzerland VX SIX Swiss ExchangeTaiwan TT Taiwan Stock ExchangeTanzania TZ Dar es Salaam Stock ExchangeThailand TB Thailand Stock ExchangeTunisia TU Tunis Stock ExchangeTurkey TI Istanbul Stock ExchangeUkraine UZ Ukraine CompositeUnited Arab DH Abu Dhabi Securities Market Emirates DU Dubai Stock ExchangeUnited Kingdom LN London Stock ExchangeUnited Kingdom LI London International Order BookUnited States US NYSE/NASDAQ Vietnam VM Ho Chi Minh Stock Exchange
ConvergEx algorithmic trading markets are in orange. Additional ConvergEx DMA trading markets are blue.
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Welcome
Welcome back to the 2014 Q2 Traders’ Guide to Global Equity Markets. With the Traders’ Guide, we continuously strive to provide trading-relevant information to help make traders’ lives easier, and this edition is no exception. Today’s successful global trader needs to stay on top of what’s happening in the emerging global markets, so we work hard to keep the information in our Exchange Guides section up-to-date. To that end, we’ve done some research and added Turkey’s Borsa Istanbul to our listings.As you know, there can be some minefields in the trading world, so in our Trading Minefields section, we endeavor to provide the information you need to avoid them. One challenge that has sur-faced recently for some traders is understanding how tick sizes can affect their orders. In response, we’ve added a “Tick Size” chapter on page 17 that attempts to explain how to interpret price and tick size rules.At ConvergEx we always aim to help traders find the information and solutions they need to optimize their trading. A recent example of this was the work our sales trading team did for a client that had historically used the same trading strategy for all of their orders. After an extensive analysis of this client’s trade data we found that the client had chosen the same algorithm for all of their trades. The algorithm they had chosen was perfect for their buys and sells, but we felt a switch to a different algorithm for their short sells could potentially save them a significant amount of money during the course of the year. The client made this adjustment and we were quickly able to see the savings. We’re always happy to help. With that in mind, feel free to contact us if you have any questions or comments—about this guide or any other matter.We at ConvergEx wish you a happy Q2, and happy trading.William Capuzzi
President & CEOG-Trade Services, LLCConvergEx Group
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