Trade execution

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/Trade execution

Anonymous says Nyse take-down threat was 'media scare tactic'

A threat purportedly made by Anonymous to 'erase' the New York Stock Exchange from the Internet yesterday in support of the Occupy Wall Street protests failed to materialise, with the hacker collective claiming it had been running a media scare tactic.

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Fire hits Nyse New Jersey data centre

Nyse Euronext says trading systems were unaffected by an electrical fire at its New Jersey data centre on Sunday.

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Anonymous threatens to 'erase' Nyse from the Internet

Hacker collective Anonymous has threatened to 'erase' the New York Stock Exchange from the Internet in support of the Occupy Wall Street protests in Manhattan.

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Exchange spending cutbacks hit Patsystems

UK screen-dealing software house Patsystems has issued a profits warning as sales to emerging exchanges are hit by economic and financial turmoil.

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LSE and SGX team on LME bid - Reuters

The London Stock Exchange and Singapore Exchange have teamed up on a joint bid for the London Metals Exchange, according to Reuters.

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OTC clearing rules to spur big tech spending - Tabb

The global regulatory push to centrally clear over-the-counter derivatives has started a "technological revolution" that provides a big opportunity for vendors, according to a report from Tabb Group.

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LSE wins race for LCH.Clearnet - Reuters

The London Stock Exchange appears set to beat off competition from Markit to take over LCH.Clearnet after securing backing from the clearer's board for a deal.

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LME ponders takeover approaches

The London Metal Exchange (LME) says it has received "several expressions of interest" that could lead to a takeover. CME Group, IntercontinentalExchange and SGX are all said to be in the running.

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HKEx poaches Chi-X Global CTO

Hong Kong Exchanges and Clearing (HKEx) has hired Chi-X Global CTO Richard Leung to help revamp its trading technology.

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ECB calls on recalcitrant CSDs to take efficient approach to T2S integration

The ECB has called on central securities depositories (CSDs) to 'efficiently reshape' their IT infrastructure in order to integrate to the T2S platform, its proposed pan-European settlement service which has encountered further delays amid foot-dragging by CSDs and protracted arguments over costs and pricing.

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T2S delayed again

The European Central Bank has once again been forced to push back the deadline for implementation of Target2 Securities, the Eurosystem's ambitious but controversial project to harmonise Europe's securities settlement structure.

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Turquoise to offer clearing choice for pan-European equities

London Stock Exchange-owned Turquoise has become the latest European trading platform to offer its customers the choice of four different clearing providers.

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UK to sue European Central bank over clearing rules

The British government is to sue the European Central Bank over draft regulations that would force major clearing houses to relocate their operations away from the City of London.

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Institutional investors troubled by HFT - survey

More than two thirds of institutional traders around the world are concerned about the impact of high-frequency trading (HFT) on the equities market, according to a survey from Liquidnet.

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Plus launches technology arm; calls on Misra for advice

UK trading venue Plus Markets has established a technology arm, Plus Trading Solutions, to sell white-labelled matching engines to European investment banks and brokers.

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Cloud computing and SaaS on the agenda at City Post-Trade Forum

City luminaries will gather at the London Stock Exchange later this month to debate the future of back office outsourcing in an era of cloud computing and software-as-a-service technology models in the latest Finextra Post-Trade Forum event.

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LSE confirms talks with LCH.Clearnet

The London Stock Exchange has confirmed that it has made a majority bid for European independent clearing house LCH.Clearnet, opening up a bidding war with post-trade data group Markit.

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FIA 'shocked and outraged' after Senator leaks oil trading data

The Futures Industry Association (FIA) says its members have been "shocked and outraged" by the leaking of confidential oil trading data by a US senator.

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US exchanges prepare for Hurricane Irene

US exchanges are preparing to check their data centres as they brace themselves for Hurricane Irene but expect to be open for business as normal on Monday morning.

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LSE offers no objection to Bats-Chi-X merger

The London Stock Exchange (LSE) has offered the UK Competition Commission no objections to the proposed merger between Bats Europe and Chi-X Europe, arguing that, if needed, a new player could quickly be established.