Latest Trade execution News: Finextra Research

Confusion reigns as CME mistakenly places test orders on live markets

CME Group says it inadvertently placed thousands of test orders on live energy and metals markets on its electronic trading platform yesterday.

15 September 2010

News/Trade execution

Finra hands out $2.3m fine as HFT crackdown begins

A small US high frequency trading firm and several of its employees have been fined a total of $2.26 million for manipulating stock prices through a technique called "layering".

13 September 2010

News/Trade execution

T2S costs creep up, but business case remains 'robust' says ECB

The European Central Bank has released preliminary figures outlining the fees that will be charged to market participants for using the forthcoming cross-border Target 2 Securities settlement system.

13 September 2010

News/Trade execution

RBS shifts traders to one floor as e-trading takes hold

RBS Global Banking and Markets Group is consolidating its trading desks onto one floor as it prepares for an upsurge in electronic equities trading in Europe over the next three years.

10 September 2010

News/Trade execution

BNY Mellon to launch e-market for European asset-backed securities

Bank of New York Mellon is setting up an online marketplace for hard-to-value European asset-backed securities, according to Bloomberg.

08 September 2010

News/Trade execution

Capital markets firms spend $13.4bn on trading infrastructures in 2010 - Tabb

Capital markets firms around the world are set to spend $13.4 billion this year, across asset classes, on trading infrastructures, according to a report from Tabb Group.

07 September 2010

News/Trade execution

Nyse Euronext partners APX on environmental trading JV

Nyse Euronext has partnered APX, an infrastructure provider for environmental commodities and energy, on a joint venture developing green and sustainable energy markets.

07 September 2010

News/Trade execution

Securities depositories to raise public policy profile

As back office clearing and settlement issues rise up the regulatory agenda, the European Central Securities Depository Association (Ecsda) has moved to appoint its first secretary general and open a permanent office in Brussels, adjacent to the European Commission.

07 September 2010

News/Trade execution

Futures body takes on CFTC over data gathering proposals

The Futures Industry Association has slammed regulatory proposals to gather more account information from market participants as "premature" and overly burdensome for the industry.

02 September 2010

News/Trade execution

Nyse Euronext acquires quarterly magazine, Corporate Boardroom Member

Nyse Euronext has moved into publishing with the acquisition of quarterly magazine Corporate Board Member.

01 September 2010

News/Trade execution

Icap to launch MTF for interest rate swaps

Inter-dealer broker Icap is to launch an electronic market for trading Euro interest rate swaps, with support from market makers Barclays Capital, Deutsche Bank and JPMorgan.

31 August 2010

News/Trade execution

Bloomberg to shed light on dark pool order flow

Bloomberg Tradebook is seeking to address buy side wariness of dark pools and thwart high frequency gaming by showing traders where their orders are being filled in real time.

31 August 2010

News/Trade execution

LCH.Clearnet slashes fees as post-trade competition heats up

LCH.Clearnet has moved to slash its fees and eliminate charges for high volume equity traders as it responds to the twin threats of growing competition and customer defections.

31 August 2010

News/Trade execution

HFT firm's faulty algo blamed for oil price surge

High-frequency trading firm Infinium Capital Management is at the centre of an investigation by CME Group into whether a $1 surge in oil prices earlier this year was the result of one of its algos going haywire.

26 August 2010

News/Trade execution

Fat finger error spooks London markets

Circuit breakers on the London Stock Exchange kicked into action yesterday, halting trading in five stocks after a suspected 'fat finger' error led to a sudden dip in prices.

25 August 2010

News/Trade execution

Spain set to get first MTF

A group of Spanish "financial executives" say they will launch the country's first multilateral trading facility (MTF) early next year.

25 August 2010

News/Trade execution

Plus signs with Algo Technologies for systems overhaul

Plus Markets has signed for market data and connectivity systems from Algo Technologies, with a deal for the vendor's matching engine also in the pipeline, as part of a wide-ranging restructuring and cost-reduction exercise.

25 August 2010

News/Trade execution

Chi-X Europe receives bid approach; Bats Trading in the frame

Chi-X Europe says it has received an "enquiry" from an unnamed party that may lead to an offer for the multilateral trading facility (MTF).

24 August 2010

News/Trade execution

Asia target for Deutsche dark pool trading

Deutsche Bank is to offer dark pool trading in Hong Kong via an internal crossing network and liquidity-searching algorithm that will file client orders across multiple off-exchange trading venues in Asia.

23 August 2010

News/Trade execution

CME migrates to new data centre

CME Group has moved its Globex electronic platform into a new data centre that the exchange operator says will allow it to grow trading volumes for at least a decade, according to Dow Jones.

20 August 2010