Latest Trade execution News: Finextra Research

LSE looks like facing competition for TMX from bank-backed Alpha ATS

With Canadian banks looking for ways to block TMX Group's merger with the London Stock Exchange (LSE), traders have begun betting on the proposal being trumped, according to Bloomberg.

09 May 2011

News/Trade execution

Legal Entity Identifier standard nears

Plans to create a new legal entity identifier (LEI) system to help regulators and industry participants monitor systemic risk are gathering momentum, with Swift winning a vote to act as the registration authority for the ISO standard and a group of trade associations setting out their framework.

05 May 2011

News/Trade execution

Chi-X Australia gets government green light

Australia's government has officially granted a license to Chi-X for the launch of a trading platform in the country, finally busting the monopoly long enjoyed by the ASX.

04 May 2011

News/Trade execution

Instinet to sell majority stake in MarketPrizm to Colt

Telecoms firm Colt has agreed to buy a majority stake in trading technology company MarketPrizm, with current owner Instinet maintaining a minority interest.

04 May 2011

News/Trade execution

FSA paper trail hampering compliance activities - CISI

The Financial Services Authority is bombarding member firms with so much written material that it is hampering compliance activities, according to a survey conducted by the Chartered Institute for Securities & Investment (CISI).

03 May 2011

News/Trade execution

LME proposal for self-clearing jolts LCH.Clearnet

The London Metal Exchange has announced proposals to consider building its own clearing house, jolting its current supplier LCH.Clearnet.

03 May 2011

News/Trade execution

EC launches antitrust probe into CDS market

The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.

03 May 2011

News/Trade execution

Nasdaq OMX talking to firms over losses caused by software glitch - WSJ

Nasdaq OMX is negotiating with trading firms over payouts for losses incurred by a glitch with one of the bourse's algorithms earlier this week, according to the Wall Street Journal.

28 April 2011

News/Trade execution

Nasdaq expands data-on-demand cloud service

Nasdaq OMX is working with vendor Xignite to expand its Data-On-Demand cloud service for historical stock trade and quote data.

26 April 2011

News/Trade execution

European OTC market far smaller than claimed - study

Around 16% of European share trading is over-the-counter (OTC), far less than claimed by stock exchanges, according to a study from the Association for Financial Markets in Europe (Afme).

20 April 2011

News/Trade execution

Chi-X Global in stake sale talks; LSE/TMX mull Ontario panel report

Chi-X Global is in advanced talks with four trading firms and banks to take a minority stake in the alternative share trading platform operator reports the FT, citing "three people familiar with the matter".

20 April 2011

News/Trade execution

Nasdaq OMX and ICE step up Nyse Euronext pursuit

Having been rebuffed once, Nasdaq OMX and IntercontinentalExchange have come out fighting in their bid to hijack Deutsche Boerse's planned takeover of Nyse Euronext, insisting that their proposal is "superior by a significant and inescapable margin".

19 April 2011

News/Trade execution

CFTC Commissioner Chilton hits out at proposals to delay financial reform

CFTC Commissioner Bart Chilton has hit back at Republican plans to delay for 18 months all rulemakings involving derivatives under the Dodd-Frank financial regulation law.

18 April 2011

News/Trade execution

Chi-X revolving door spits out CFO O'Keefe

The revolving door is spinning again at Chi-X Europe as chief financial officer Kevin O'Keefe confirms his intention to depart the European MTF in the wake of its recent take-over by Bats Global Markets.

18 April 2011

News/Trade execution

OTC derivatives market reform stalling - FSB

Central bankers have expressed fears that reform of the over-the-counter derivatives markets is being hampered by delays and inconsistencies in approaches across national jurisdictions.

18 April 2011

News/Trade execution

CFTC to explore reference data repository for derivatives

The Commodity Futures Trading Commission is contemplating the creation of a new 'Division of Market Data Collection and Analysis' to keep pace with computer-based trading and reduce its reliance on the exchanges it regulates for data dissemination.

14 April 2011

News/Trade execution

US regulators win bigger budgets

US financial regulators the Commodity Futures Trading Commission and the Securities and Exchange Commission have been awarded big budget increases by the Senate Appropriations Committee.

13 April 2011

News/Trade execution

FSA not interested in trawling through algo code

The UK's Financial Services Authority has no intention of "looking through lines of code" before signing off algorithms used by high-frequency traders, describing the prospect, floated by the European Commission, as a "bad idea".

12 April 2011

News/Trade execution

Haynes to leave Chi-X Europe following Bats takeover

Chi-X Europe chief executive Alasdair Haynes is quitting in the wake of the multilateral trading facility's acquisition by Bats Global Markets.

12 April 2011

News/Trade execution

Machine-readable OTC derivatives contracts move a step closer

Regulatory efforts to introduce more automation in manually-driven over-the-counter derivatives trading have been advanced by the publication of new research into the feasibility of rendering OTC documentation in machine-readable format.

11 April 2011