Latest Trade execution News: Finextra Research

LSE and TMX agree merger; highlight technology potential

The London Stock Exchange (LSE) has agreed an all share "merger of equals" with Canada's TMX Group, creating a global superpower that will have a strong technology emphasis.

09 February 2011

News/Trade execution

Hackers penetrate Nasdaq OMX systems

Nasdaq OMX says hackers have breached its computer systems to gain access to highly confidential data on publicly listed companies.

07 February 2011

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Turquoise takes on Nyse Euronext with price promotion

London Stock Exchange-owned MTF Turquoise has made a play for Nyse Euronext business with a six month pricing promotion on stocks listed on its rival.

04 February 2011

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LSE signs Johannesburg exchange to MillenniumIT

The Johannesburg Stock Exchange has licensed the MillenniumIT technology platform from the LSE as it bids to cut transaction times and attract high-frequency traders.

04 February 2011

News/Trade execution

European exchanges up their game in face of dark pool competition - ITG

European stock exchanges have become more efficient and slashed the cost of trading over the last year as they bid to fight off growing competition from a rash of post-MiFID dark pool and MTF competitors, according to research from ITG.

04 February 2011

News/Trade execution

Industry clamour over MiFID II proposals grows louder

The Futures and Options Association has added its voice to the growing industry clamour over 'needlessly oppressive' pending market reform proposals from the European Commission.

03 February 2011

News/Trade execution

DTCC creates new chief data officer role

New York's Depository Trust and Clearing Corporation has appointed Ronald Jordan, a 26-year Nyse Euronext veteran, to the new position of chief data officer, as it bids to become a central conduit between regulators and market participants on data management issues.

02 February 2011

News/Trade execution

Asean exchanges invite tenders for trading network

A group of South East Asian stock exchanges have completed a technology design study and invited tenders from vendors ahead of the planned launch of a cross-border trading link by the end of the year.

02 February 2011

News/Trade execution

Goldman Sachs unveils BlockStrike block liquidity strategy

Goldman Sachs is introducing a feature that enables its electronic trading business customers to search for large blocks of liquidity in dark pools while still working the order using the algorithm's existing logic.

02 February 2011

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UK and US exchanges call in security services over suspected cyber-attacks

Stock exchanges in the UK and US have called in security services to help fend off cyber-attacks, according to the Times newspaper.

31 January 2011

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Technology spending cuts could see CFTC run out of data storage - O'Malia

The Commodity Futures Trading Commission is on course to run out of room to store its data by October because of an £11 million technology budget cut, Commissioner Scott O'Malia has claimed.

26 January 2011

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HFT makes up 77% of UK market - Tabb

High-frequency trading accounts for over three quarters of transactions in the UK equity market, according to research from Tabb Group.

24 January 2011

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Six Swiss Exchange partners Liquidnet on block-trading platform

Six Swiss Exchange has teamed with buy-side trading network Liquidnet on a platform to let members execute large block trades in European securities.

20 January 2011

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NZX winds up Axe ECN

The New Zealand Exchange (NZX) says it is winding up Axe ECN, conceding its Australian venture cannot "generate sustainable economic returns".

14 January 2011

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Nyse Euronext testing MTF for European corporate bonds

Nyse Euronext has set up a strategic committee that will assist and advise on the creation of a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

13 January 2011

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Credit Suisse to launch US 'Light Pool'

Credit Suisse Securities is set to launch a US electronic communications network (ECN) called Light Pool that will target long term investors.

12 January 2011

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LSE says human error caused Turquoise outage

The London Stock Exchange says human error, rather than foul play, caused an outage at its Turquoise trading platform in November that resulted in a delayed technology migration.

11 January 2011

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Bats hires underwriters ahead of possible IPO - WSJ

Exchange operator Bats Global Markets could be set to embark on an initial public offering after hiring underwriters, according to the Wall Street Journal.

10 January 2011

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