Latest Trade execution News: Finextra Research

Facebook float tests Nasdaq resilience as stock opening delayed

Trading in Facebook shares on the Nasdaq was delayed for 30-minutes after the opening bell, as the Exchange's systems struggled to keep pace with massive retail-led demand for the stock.

18 May 2012

News/Trade execution

Calypso and Cinnober shortlisted for LME Clear

Calypso and Cinnober will go head-to-head in a battle to win the contract to build a new clearing house for the London Metal Exchange.

17 May 2012

News/Trade execution

Icap in talks to buy Plus Markets' exchange business

Icap is in talks with Plus Markets Group to acquire the distressed small cap market's equities exchange business "for a nominal sum".

17 May 2012

News/Trade execution

Up to one in ten trades still fail to settle on time

With market regulators pushing for a shortening of settlement cycles, new research from trade matching utility Omgeo indicates that trade failure rates may be as high as 10% in the equity market and seven per cent in fixed income markets.

16 May 2012

News/Trade execution

Morgan Stanley penalised for DMA algo trade gone wrong

Nasdaq OMX Stockholm has slapped a Skr400,000 fine on Morgan Stanley after a Direct Market Access (DMA) client of the US bank mis-keyed an algo trade that spooked the markets and triggered an intraday auction by one of the Exchange's automatic volatility guards.

16 May 2012

News/Trade execution

Nasdaq to compete with brokers in algo trading

Nasdaq OMX plans to compete with US brokers in the provision of algorithmic trading software tools.

14 May 2012

News/Trade execution

Plus Markets to wind down business after sales talks subside

UK exchange operator Plus Markets is to wind down its business after failing to find a suitable takeover partner.

14 May 2012

News/Trade execution

Surveillance spend to soar as regulators crack down - Tabb Group

Spending on market surveillance programmes covering equities and derivatives trading across Europe will grow by at least eight per cent in 2012, increasing from EUR105 million in 2011 to EUR126 million by 2014, according to research from Tabb Group.

11 May 2012

News/Trade execution

Chi-X and SGX shutter Asian dark pool

Chi-East, the cross-border Pan-Asian dark pool launched by Instinet-owned Chi-X Global and the Singapore Stock Exchange, is to cease trading after failing to attract sufficient volumes.

10 May 2012

News/Trade execution

ECB signs nine depositories to T2S project

Nine central securities depositories have signed up to participate in the European Central Bank's controversial Target 2 Securities (T2S) platform, which is intended to streamline securities settlement across the Eurozone.

08 May 2012

News/Trade execution

Swift faces lock-out from LEI roll-out

The Financial Stability Board has abandoned plans for a global registration authority for Legal Entity Identifiers in favour of a federated network, dealing a hammer blow to the ambitions of interbank messaging network Swift to play a central role in the roll out of the new standards.

04 May 2012

News/Trade execution

Nasdaq OMX to buy GRC specialist BWise

Nasdaq OMX Group has agreed to acquire BWise, an enterprise governance, risk management and compliance (GRC) software vendor. Financial terms of the deal were not disclosed.

03 May 2012

News/Trade execution

CME Group opens tech-focused Belfast office

Chicago-based exchange operator CME Group is opening a technology-focused office in Belfast, creating up to 90 jobs.

03 May 2012

News/Trade execution

Asean trading link set for launch

The cross-border trading link being established by a group of South East Asian stock exchanges will officially launch in June.

27 April 2012

News/Trade execution

LCH.Clearnet in discussions to acquire IDCG from Nasdaq OMX

European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.

24 April 2012

News/Trade execution

Finance Watch demands European HFT crackdown

Finance Watch, a European association lobbying under the banner 'making finance serve society', has called on the EU to crack down on high-frequency trading.

24 April 2012

News/Trade execution

Quote MTF launches liquidity-on-demand platform

Quote MTF has outlined plans for a European 'liquidity-on-demand' trading venue, giving participants control over how, and with whom, they trade.

19 April 2012

News/Trade execution

Plus Markets says considering several takeover proposals

UK exchange operator Plus Markets says it has had "a number of indicative proposals" since putting itself up for sale in February.

17 April 2012

News/Trade execution

Regulators release new market infrastructure standards

International banking and securities regulators have set out new and more demanding standards for operators of payments, clearing and settlement systems as part of an international effort to boost the resiliency of the financial markets.

16 April 2012

News/Trade execution

CA Cheuvreux launches equities MTF; locks out HFT troublemakers

Crédit Agricole Cheuvreux has launched its own pan-European dark pool that will not be open to proprietary and high-frequency traders.

16 April 2012