Algorithmic trading

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/Algorithmic trading

FBI nabs programmer accused of stealing trading code

A Russian computer programmer has been arrested by the FBI, accused of stealing proprietary trading code from the New York-based financial institution he used to work for.

/Algorithmic trading

Traders to tap Twitter?

StreamBase Systems is looking to take advantage of the Twitter craze by connecting its complex event processing (CEP) platform to the microblogging site, providing traders with a new source of news and information.

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SunGard launches dark pool ATS

Fintech giant SunGard has moved into the crowded dark pool market with the launch of its own alternative trading system, a crossing network for US equity order flow.

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Europe braces for MiFID II as regulators assess market impact

The Committee of European Securities Regulators says further regulations may be needed to address some of the unintended consequences arising from the introduction of the Markets in Financial Instruments Directive (MiFID) in 2007.

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Chi-X Europe dark pool launches

Multilateral trading facility Chi-X Europe has launched its dark liquidity pool, Chi-Delta.

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UBS to launch Hong Kong dark pool

Swiss bank UBS is launching its Price Improvement Network (Pin) dark pool trading venue in Hong Kong.

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Goldman Sachs, Morgan Stanley and UBS in European dark pool pact

Goldman Sachs, Morgan Stanley and UBS have agreed a deal that will allow their clients to access each bank's European dark pools.

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Nyse Euronext to implement 100G network with Ciena

Transatlantic exchange operator Nyse Euronext is to implement a new high-speed, ultra-low latency trading and market data network as part of a major data centre upgrade project in New York and London.

/Algorithmic trading

SIX Swiss Exchange completes migration to new platform

SIX Swiss Exchange has completed member migration to its new SWXess platform, which went live in February.

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Asian equity electronic trading revenues to sink in 2009 - Tabb

Equity electronic trading revenues in Asia Pacific are set to see a 17% fall this year, with liquidity sinking during the downturn, according to research from Tabb Group.

/Algorithmic trading

Fidessa scoops Baikal technology contract

The London Stock Exchange has partnered with trading technology house Fidessa to build the order management and smart routing technology for Baikal, the LSE's forthcoming pan-European dark pool.

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Deutsche Börse plans pan-European market

Deutsche Börse is set to launch a pan-European market, based on its Xetra electronic trading platform, as it looks to take on the raft of new competitors to have emerged in the wake of MiFID.

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Nyfix amends Euro Millennium matching algorithm in response to FSA clampdown

Nyfix has amended the matching algorithm on its Euro Millennium dark pool to limit crossing at the mid-point of the reference market price in an effort to comply with a new interpretation of the MiFID rulebook by the UK's Financial Services Authority.

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Oddo & Cie deploys Chi-Tech trading platform

Independent agency brokerage Oddo & Cie has rolled out an algorithmic trading infrastructure platform from Chi-Tech, the technology services unit recently formed by Chi-X.

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CBA goes live on Progress Apama

Commonwealth Bank of Australia's equities execution and trading division has gone live on the Progress Apama complex event processing platform.

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SocGen launches Alpha x Europe crossing network

Société Générale Corporate & Investment Banking (SG CIB) has launched Alpha x Europe, a crossing network which matches clients' buy and sell orders on a particular stock through an anonymous execution platform.

/Algorithmic trading

Finextra weekly news review podcast

Visa takes action against service providers after data breaches, Dutch banks bid online for new customers, and the latest research on mobile banking and the Payments Services Directive - it's all in this week's news review podcast.

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Ulf Axman appointed European business development head at Chi-Tech

Chi-X has appointed Ulf Axman as head of European development at Chi-Tech, the technology services arm of the exchange operator formed from its recent acquisition of Cicada.

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Nasdaq OMX Europe plans dark pool

Transatlantic exchange operator Nasdaq OMX has outlined plans to launch a new pan-European dark liquidity trading venue, Neuro Dark, next month.

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Hodgkinson appointed SmartPool head

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, has appointed Lee Hodgkinson as its new chief executive officer