Latest Trade execution News: Finextra Research

Nyse Euronext board rejects Nasdaq OMX-ICE offer

Nyse Euronext's board has rejected a takeover bid from Nasdaq OMX and IntercontinentalExchange, branding the offer risky and "strategically unattractive" and reaffirming its commitment to completing a deal with Deutsche Boerse.

11 April 2011

News/Trade execution

European exchanges hit out at broker networks

Europe's exchanges have hit out at plans to create a new type of trading venue category as part of MiFID's overhaul, warning the proposal will cause an "irreversible race to the bottom" for regulation.

08 April 2011

News/Trade execution

Farnham takes over as Turquoise CEO

LSE majority-owned Turquoise has shuffled its management team, with chief executive David Lester becoming chairman, replaced by chief operating officer Adrian Farnham.

08 April 2011

News/Trade execution

Australia confirms ASX-SGX deal rejection

Australian Treasurer Wayne Swan has formally rejected the Singapore Exchange's A$8.4 billion takeover of ASX, calling his decision a "no brainer".

08 April 2011

News/Trade execution

Exchanges and vendors unite over consolidated tape

European stock exchanges together with Thomson Reuters, Bloomberg, the LSE and Nyse Euronext have agreed a framework for developing a consolidated tape of post-trade equity reporting data across Europe.

07 April 2011

News/Trade execution

SEC outlines plans to tackle market volatility

The Securities and Exchange Commission (SEC) has unveiled plans to ditch circuit breakers in favour of a 'limit up-limit down' mechanism for reducing market volatility.

06 April 2011

News/Trade execution

Australia to block ASX-SGX deal

Australia's government is set to block the A$8.4 billion takeover of ASX by the Singapore Exchange, arguing the move is not the national interest.

05 April 2011

News/Trade execution

Nasdaq OMX and ICE team on Nyse Euronext bid

Nasdaq OMX and IntercontinentalExchange have joined forces to launch an $11.3 billion bid for Nyse Euronext as they seek to hijack an agreed deal with Deutsche Boerse.

01 April 2011

News/Trade execution

Government spooks called in to investigate Nasdaq OMX hack

America's National Security Agency (NSA) has been called in to help investigate last October's cyber-attack on Nasdaq OMX, according to Bloomberg.

31 March 2011

News/Trade execution

Central clearing for OTC derivatives 'unlikely to reduce systemic risk' - IMF paper

Regulatory moves to force OTC derivative trades to go through central counterparties could just shift systemic risks to these CCPs and lead to more tax payer bailouts, according to a working paper published by the IMF.

31 March 2011

News/Trade execution

TSE to explore overseas alliances as it plans three-year Y25.9 billion tech spend

The Tokyo Stock Exchange plans to spend Y25.9 billion on its overall systems infrastructure over the next three years, as it bids to build its user base and attract liquidity in the face of increasing domestic and overseas competition.

25 March 2011

News/Trade execution

Schapiro calls for stronger automated trading systems oversight

Securities and Exchange Commission chairman Mary Schapiro is calling for tougher regulation on automated trading systems in a bid to combat the risks of algorithmic-generated volume surges and hacking.

24 March 2011

News/Trade execution

LSE plans international trading network

The London Stock Exchange is plotting the creation of an 'international board', that would allow cross-border trading in blue chip stocks listed on six different national exchanges.

23 March 2011

News/Trade execution

Liquidnet urges exchange partnerships, not mergers

Seth Merrin, founder of institutional block trading venue Liquidnet, has told exchange bosses that they should look beyond mergers and acquisitions and return to their roots as trading venues that best serve individuals, listed companies and the broader market

22 March 2011

News/Trade execution

Nyse Euronext bids to buy US options market share with Amex stake sale

Nyse Euronext has finally submitted plans to the Securities and Exchange Commission to sell half of its interest in the Amex stock options market to a group of global dealers.

22 March 2011

News/Trade execution

LSE admits unfair dismissal of ex-Turquoise chief Lederman

The London Stock Exchange has admitted that it unfairly dismissed former Turquoise chief executive Eli Lederman but is contesting other claims at his employment tribunal.

18 March 2011

News/Trade execution

Former Turquoise boss Lederman sues LSE - Reuters

The London Stock Exchange is being sued for unfair dismissal by Eli Lederman, the former chief executive of its Turquoise platform, according to Reuters.

15 March 2011