Algorithmic trading

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/Algorithmic trading

LSE dark pool plans rocked by Lehman default

The London Stock Exchange maintains that its Baikal dark pool project remains "a sound business proposition" despite the bankruptcy protection filing by partner Lehman Brothers.

/Algorithmic trading

Poste Italiane to issue Xiring card readers to online customers

Poste Italiane has contracted with French vendor Xiring for the supply of over 700,000 handheld authentication devices which it will roll out to users of its online banking services.

/Algorithmic trading

Progress Software wins first Chinese algo trading client

Bank of China International (BOCI) has signed for Massachusetts-based Progress Software's algorithmic trading platform, Apama.

/Algorithmic trading

Nasdaq OMX wins FSA approval as Nyse Euronext prepares to launch Octopus MTF

Nasdaq OMX has won approval from the Financial Services Authority to commence trading as a Multilateral Trading Facility on 26 September. The platform is set to face fresh competition from a new MTF being launched by pan-European rival Nyse Euronext, codenamed Octopus.

/Algorithmic trading

Nasdaq OMX sets pricing for European platform

Nasdaq OMX has outlined the pricing structure for its new pan-European multilateral trading facility (MTF) which will - in the majority of cases - make it less expensive to route orders through the platform than to trade on the primary markets.

/Algorithmic trading

LSE introduces proximity service

The London Stock Exchange (LSE) is introducing a hosting service that will provide high-frequency algorithmic trading firms with low latency access to its TradElect and Infolect systems.

/Algorithmic trading

LSE hires Self as dark pool launch nears

The London Stock Exchange (LSE) has recruited Kiri Self - former head of operations at Nyfix International - to advise on post trade issues relating to Baikal, the dark pool it is establishing with Lehman Brothers.

/Algorithmic trading

Deutsche Börse slashes algo trading fees

Deutsche Börse is following the example of other incumbent exchanges by cutting algorithmic trading fees on its Xetra platform in a bid to fend off competition from rival bourses and alternative trading systems (ATS).

/Algorithmic trading

Equiduct revises pricing to reward liquidity providers

New multi-lateral trading facility Borse Berlin Equiduct has revised its pricing structure ahead of its forthcoming launch in an effort to reward users for bringing liquidity to the platform.

/Algorithmic trading

Investors in the dark about dark pools

Many institutional investors have misgivings about the actual levels of anonymity and liquidity provided by broker/dealer and exchange-operated dark pools, according to new research released by Greenwich Associates (GA) which found varying policies and practices among providers.

/Algorithmic trading

Glitch knocks out Nyse floor hand-held devices

A technical glitch with hand-held devices used by floor brokers at the New York Stock Exchange (Nyse) left traders unable to send or receive orders yesterday morning.

/Algorithmic trading

LSE cuts fees as rivals circle

The London Stock Exchange (LSE) is cutting trading fees and introducing incentives for liquidity providers in a bid to attract algorithmic traders and fight off competition from alternative trading systems.

/Algorithmic trading

Nyse in algo trading move

The New York Stock Exchange (Nyse) is rolling out technology that enables floor brokers to trade algorithmically and easily locate larger sources of liquidity.

/Algorithmic trading

JPMorgan algo trading head Carrie quits

Carl Carrie, global head of algorithmic trading at JPMorgan, has left the bank and is currently on gardening leave before embarking on a new venture.

/Algorithmic trading

Finexpo to focus on new execution landscape

The Finexpo - Execution Management conference and exhibition has opened for registration. The event, on Thursday 16 October at The Brewery in London, will focus purely on trade execution, order routing, low-latency data provision and productivity tools for the front-office.

/Algorithmic trading

Plus to launch dark liquidity pool

Plus Markets, the quote-driven trading system for AIM-listed stocks, is launching a dark liquidity pool for small and mid-cap securities as part of a programme of enhancements to its platform.

/Algorithmic trading

Study cites applications and firewalls as new latency culprits

A new study by tech consultancy NET2S has found that the vast majority of trading latency is generated by a bank's own applications and firewalls rather than networks.

/Algorithmic trading

SWX Swiss Block to launch in August with 11 firms on board

SWX Europe has signed up 11 firms for the August launch of its non-displayed liquidity service for Swiss blue-chip equities, SWX Swiss Block.

/Algorithmic trading

Korea's Leading chooses Progress Apama for algo trading

Korea's Leading Investment & Securities has rolled out Massachusetts-based Progress Software's Apama platform to provide its international clients with algorithmic trading capabilities.

/Algorithmic trading

Latency management vendor Corvil secures $12 million funding

Dublin-based latency management outfit Corvil has secured $12 million in a new funding round led by Vesbridge Partners and supported by existing investors ACT Ventures and Apax.