Trade execution

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/Trade execution

Hong Kong police make arrest over stock exchange hack

Hong Kong police have arrested a man in connection with a cyber-attack earlier this month on the Island's stock exchange.

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Regulators seek to plug derivatives data gaps

Global regulators have set out plans for reducing the "data gaps" in OTC derivatives trading that are hitting efforts to assess systemic risk in the market.

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Nyse Euronext-Deutsche Börse merger clears regulatory hurdle

Nyse Euronext's proposed merger with Deutsche Börse has moved a step nearer after the Committee on Foreign Investment in the United States (CFIUS) waved through the deal.

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Chi-X Europe plans clearing interoperability

Chi-X Europe has become the continent's first trading platform to offer its customers the choice of four different clearing providers.

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HKEx Web site hit by hackers

The Hong Kong Stock Exchange was forced to suspend trading in some shares - including HSBC - after hackers attacked its Web site.

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European Commission probes Nyse Euronext/Deutsche Börse deal

The mega-merger between Nyse Euronext and Deutsche Börse faces an extended investigation by the European Commission amid concerns over the impact of a tie-up on competition in clearing and derivatives trading.

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TMX Group buys Atrium Network

Canadian exchange operator TMX Group has acquired connectivity specialist Atrium Network. Financial terms were not disclosed.

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LSE buys FSA's Transaction Reporting Service

The London Stock Exchange has agreed a £15 million cash deal to buy the Financial Services Authority's Transaction Reporting Service (TRS).

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Nyse Euronext to buy Japan's Metabit

Nyse Euronext has agreed a buy Metabit, a Tokyo-based provider of market access products throughout Asia. Financial terms of the deal were not disclosed.

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Bats Europe offers traders clearing choice

Bats Europe has launched a 'preferred interoperable' clearing service, enabling traders to choose between three CCPs.

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SEC sets up large trader reporting system

The Securities and Exchange Commission is pressing ahead with the creation of a system to collect transaction data from large traders such as banks and hedge funds that will help it to investigate wild stock market swings like last year's May 6 flash crash.

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Wenig out as Reuters shakes up Markets division

Devin Wenig, the CEO of Thomson Reuters' global markets division is to leave the company in a surprise shake-up of the business intended to improve sales to financial sector clients.

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Misra quits Algo Technologies

Hirander Misra, has quit with immediate effect as chief executive officer of Algo Technologies, the fintech vendor he helped set up only a year ago.

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T2S connectivity licences come up for grabs

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

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Swedish watchdog raids Nasdaq OMX in data centre competition probe

Swedish competition authorities have raided the offices of Nasdaq OMX as part of a probe into whether the firm is working with data centre operator Verizon to stymie rivals, according to the Financial Times.

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Dodd-Frank will push 60% of OTC volumes to central clearing

The Dodd-Frank Act will lead to around 60% of current US over-the-counter (OTC) derivatives market by volume being cleared centrally, according to Citi.

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ASX prepares for Chi-X arrival with multi-market smart routing trading app

With the imminent arrival of Chi-X on the Australian scene, ASX has tapped UK vendor Fidessa to help it prepare, developing a co-located smart order routing trading application for the new multi-market environment.

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XBRL US taps Facebook for $20k app competition

Industry group XBRL US has launched a Facebook competition, offering $20,000 to the person or group that comes up with the best open source analytical application for investors that uses the format.

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Swift and DTCC score big data management mandates

Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.

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Fixnetix ponders sale options - FT

UK trading technology outfit Fixnetix is mulling a partial or full sale to help expand its reach around the world, according to the Financial Times.