New research from Australia's Capital Markets Cooperative Research Centre (CMCRC) has found that the presence of high-frequency traders improves market fairness by reducing end-of-day (EOD) price dislocation.
On the day it was fined EUR725 million by the EU for rate rigging, Deutsche Bank has confirmed that it has banned traders from using chat rooms, which have proved a fruitful hunting ground for regulators sniffing out market manipulation.
The UK and Irish capital markets are to move to a shortened T+2 securities settlement timeframe with effect from October 2014.
A collection of Hong Kong-licensed brokers have enlisted Markit to help them comply with new electronic trading rules on the island.
EU proposals to impose volume caps on transactions executed over dark pool trading venues are meeting stiff resistance from investors, according to research from Tabb Group.
UBS has become the latest bank to ban traders from using multi-dealer and social chat rooms, which are being trawled by regulators for evidence of market manipulation.
Nasdaq transaction services lead Eric Noll has quit the US exchange to join capital markets brokerage and tech house ConvergEx Group as president.
Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape
IntercontinentalExchange has confirmed plans to sell Nyse Euronext's technology unit and spin off the Euronext exchange in an initial public offering.
Project First, the European Union-backed research effort to find a way of extracting and analysing financial services-related sentiment from social media networks, has concluded with the launch of a prototype market surveillance system.
Finextra and Level39, in association with Innotribe, are to host a two-day conference exploring the new wave of innovation sweeping across the financial services sector.
Spain's la Caixa is bidding to boost take-up of its online broker service with the launch of a social network for investors, a range of new interactive tools, and revamped mobile and tablet apps.
As European law-makers close in on a deal to tighten rules on high-frequency trading, a new paper from the ECB warns that curbing the practice could make markets less efficient.
Aquis Exchange, a pan-European trading exchange set up by industry veteran Alasdair Haynes, has received approval from the UK's Financial Conduct Authority (FCA) to begin trading as a multilateral trading facility.
Nyse Euronext and IntercontinentalExchange have postponed the closing date of their pending merger transaction as they await approval from European regulators.
As Nyse Euronext carries out systems testing ahead of the upcoming Twitter IPO, rival Nasdaq OMX has blamed human error for its latest outage.
The ongoing restructuring of IT responsibilities at Deutsche Börse continues as the German exchange names Swiss-born IT engineer Rene Keller from Information Mosaic as its new Chief Information Officer.
Coinfloor, a London-based bitcoin exchange bidding to build a market for high-frequency trading in the virtual currency, has opened its doors.
Nyse Technologies CEO Jon Robson and COO Terry Roche are set to leave the firm once parent company Nyse Euronext closes its $10 billion sale to IntercontinentalExchange, according to the Financial Times.
The European Parliament has hammered out a preliminary deal with EU member states on how to regulate high-frequency trading.
Knight Capital has reached a $12 million settlement with US regulators over a technology meltdown which caused market chaos and drove the firm to the brink of bankruptcy.
© Finextra Research 2013