Trade execution

2046 articles tagged with this keyword

/Trade execution

Inter-dealer brokers warn of 'monopolistic' risks in new swap clearing rules

US inter-dealer brokers have called on regulators to ensure fair access to newly-created Swap Execution Facilities as the Securities and Exchange Commission and Commodity Futures Trading Commission meet to discuss governance and conflicts of interest in the clearing and listing of swaps.

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Norwegian day traders accused of breaking Timber Hill algo and manipulating prices

Norwegian police have arrested two men accused of cracking the algorithms of US broker Timber Hill and manipulating share prices, according to local press reports.

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Bats gets SEC green light for second US exchange

Bats Global Markets says it will launch its second US equities exchange in the next couple of months after receiving regulatory approval from the SEC.

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Computer systems fingered in flash crash probe

An over-reliance on computer systems and high-frequency trading were the biggest contributors to the 6 May flash crash that saw a dizzying plunge in the Dow Jones Industrial Average, according to a poll of retail financial advisors.

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Osaka Securities Exchange disciplines Deutsche Bank over algo trading error

Deutsche Bank has been hit with an "admonition" by the Osaka Securities Exchange over a problem with a trading algorithm in June that saw sell orders worth Y16.7 trillion made by mistake.

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Tech business helps boost Nyse Euronext Q2 results

Nyse Euronext has posted a second quarter net profit of $184 million compared to a loss of $182 million for the same period the previous year, boosted by derivatives trading revenues and strong figures from its information services and technology business.

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CESR signals MiFID overhaul

The introduction of a European consolidated tape for EU market data is a "necessity" says the Committee of European Securities Regulators (CESR) in a report to the European Commission which calls for wide-ranging reforms to the structure of trading under a revised MiFID rulebook.

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Nasdaq OMX agrees Smarts acquisition

Nasdaq OMX has agreed a deal to buy Smarts Group, a privately-held Australian provider of market surveillance systems to exchanges, regulators and brokers. Financial terms were not disclosed.

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Hacktivists hit European Climate Exchange site

A group of green 'hacktivists' have taken out the European Climate Exchange's Web site in a protest against carbon trading.

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Nyse Euronext plans European corporate bonds MTF

Nyse Euronext is set to launch a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

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BME/Clearstream OTC repository enters pilot phase with BBVA and Banco Sabadell

Spanish bourse Bolsas y Mercados Españoles (BME) and Clearstream have begun testing their planned European OTC trade repository with the support of local banks BBVA and Banco Sabadell.

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Direct Edge opens new front in battle for US market share

Direct Edge has opened a new front in the battle for US exchange market share by converting its two alternative trading systems into formal exchanges and completing the migration to a new technology platform.

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CESR considers mandatory electronic trade confirmation for OTC derivatives

The Committee of European Securities Regulators is considering mandating the use of electonric trade confirmation in the over-the-counter derivatives market as part of a regulatory overhaul designed to promote further standardisation and shift more dealing to organised trading venues.

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LSE CTO Paine quits

Robin Paine has resigned as chief technology officer (CTO) at the London Stock Exchange (LSE) and will leave next month.

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Alpha ATS plans Canadian dark pool

Bank-backed Canadian alternative trading System Alpha Group is to launch a dark liquidity pool for dealers to match best bid and offer prices anonymously in the autumn.

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CFTC posits new disaster recovery rules as regulators probe 'algo price pirates'

The US Commodity Futures Trading Commission (CFTC) has proposed new rules that would require exchanges and clearing houses to establish disaster recovery procedures in the event of a market-wide disruption.

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Chicago to take on Wall Street with new exchange for interest rate swaps - FT

Five Chicago dealers have teamed up with the Chicago Mercantile Exchange to launch a new interest rate swaps trading platform in anticipation of financial reform measures designed to push over-the-counter derivatives trading to exchange-based systems.

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ABN Amro takes 25% stake in Dutch MTF The Order Machine

ABN Amro has taken a 25% stake in retail-oriented MTF The Order Machine (TOM).

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Open source analytics start-up OpenGamma emerges from stealth mode

OpenGamma, a UK-based financial analytics start-up, has come out of stealth mode and is looking for banks and buy-side institutions to join an early adopter programme to fine tune the source code which will be released under an Open Source license.

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European exchanges fight rearguard action against consolidated tape

European stock exchanges are promising to eliminate fees on 15-minute delayed data by the end of the year as they step up their campaign against the introduction of a mandatory consolidated tape for EU market data.