Latest Trade execution News: Finextra Research

Companies abandoning their LEIs in increasing number

The Legal Entity Identifier (LEI) project, whereby every counterparty in a financial transaction is issued a unique code, is suffering from a lapse rate of 20% according to research from entity data provider Alacra.

24 August 2015

News/Trade execution

Trading game helps FS firms pick job candidates

Wall Street and City firms now have a new tool to help them sift through thousands of job applications: a virtual trading platform that uses social gaming, psychology and machine learning techniques to test candidates' mettle.

19 August 2015

News/Trade execution

'Flash crash' trader granted bail

The British futures trader accused by US authorities of contributing to the 2010 "flash crash" has been freed on bail by a London court.

14 August 2015

News/Trade execution

SIX Group sets up fintech incubator

Swiss financial infrastructure provider SIX Group has set up a fintech incubator to work with startups on evaluating and developing innovative new products and services for the financial services industry.

13 August 2015

News/Trade execution

Goldman Sachs to offer clients trading 'secret sauce' via web platform

Goldman Sachs is set to ditch its secretive, proprietary approach to its trading strategies, offering clients access to in-house tools through an open source platform, according to the Wall Street Journal.

13 August 2015

News/Trade execution

ITG pays $20.3m to settle SEC dark pool charges

Execution broker ITG and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle SEC charges that they operated a secret dealing desk and misused the confidential trading information of dark pool subscribers.

12 August 2015

News/Trade execution

FIS agrees $9.1 billion SunGard deal

FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.

12 August 2015

News/Trade execution

CSC moves into on-demand trading space with Fixnetix acquisition

Computer services group CSC is to make a concerted push into the provision of managed services for capital markets firms with the acquisition of London-based Fixnetix.

12 August 2015

News/Trade execution

US charges nine over insider trading hacking scheme

US authorities have charged nine people with hacking into business newswires to steal yet-to-be published press releases containing financial information that was used to make trades netting around $30 million in illegal profits.

11 August 2015

News/Trade execution

Blockchain poised to become banking's biggest disruptor yet - BBVA Compass economists

With dozens of the world's biggest banks already investing heavily in the blockchain, it is just a matter of time before the technology creates far-reaching disruption in the financial services industry, says a new report from BBVA Compass economists.

11 August 2015

News/Trade execution

Pre-trade fixed income utility Neptune goes live

Project Neptune, an open standards network utility for pre-trade indications in bond markets, has gone live.

07 August 2015

News/Trade execution

Deutsche Bank backs blockchain potential

Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.

31 July 2015

News/Trade execution

Fidelity National Information Services said to be in talks to buy SunGard

Shares in Fidelity National Information Services have climbed on speculation that the payment services group is in talks to buy financial technology conglomerate SunGard.

31 July 2015

News/Trade execution

Deutsche Bourse makes move on currency markets with 360T acquisition

Deutsche Bourse is wading into the $5.3 trillion a day currency markets with a EUR725 million acquisition of multi-bank FX trading platform 360T.

27 July 2015

News/Trade execution

Nasdaq and Nyse propose mutual back-up plan

Two rival exchanges, the New York Stock Exchange (Nyse) and Nasdaq OMX, are planning to provide back-up to each other's closing auctions in order to prevent a repeat of the outage that hit Nyse earlier this month.

23 July 2015

News/Trade execution

Deutsche Börse-backed bond trading startup closes after 3 months

Bondcube, an electronic trading platform for corporate debt, has filed for liquidation just three months after going live.

23 July 2015

News/Trade execution

Wall Street eyes the blockchain

Almost all of Wall Street thinks that the blockchain could be applied to institutional capital markets and many firms are already actively reviewing the technology, according to research from Greenwich Associates.

23 July 2015

News/Trade execution

Banks launch IM service to rival Bloomberg

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.

21 July 2015