Trade execution

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/Trade execution

Hollywood and politicians join forces to oppose film futures exchanges

A coalition of Hollywood players and politicians have joined forces to oppose two new electronic futures exchange for trading movie box office receipt contracts.

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FSA slaps £4.2 million fines on three firms for transaction reporting breaches

The Financial Services Authority (FSA) has fined Credit Suisse, Getco and Instinet a total of £4.2 million for transaction reporting failures.

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SEC considers electronic tagging of high-frequency traders - WSJ

The US Securities and Exchange Commission is considering the electronic tagging of trades conducted by automated trading shops in an effort to keep tabs on the activities of high-frequency traders.

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SunGard strikes CEP deal with Streambase; CEO refutes M&A speculation

SunGard is to integrate complex event processing technology from Streambase into its trading applications, fuelling speculation about the potential for a future tie-up between the two firms.

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Finance-related iPad apps launch

Finance firms from Nasdaq OMX to Twitter founder Jack Dorsey's Square have moved to tap the Apple iPad hype with the launch of apps for the new hardware.

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LSE deputy CEO Capuano quits

Massimo Capuano, deputy CEO at the London Stock Exchange and chief of Borsa Italiana, has quit.

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Intel targets high frequency traders with latest server processors

Chip giant Intel has begun hawking its new Xeon processor 5600 and 7500 series' to the financial services community, boasting of benefits in risk management, latency and data and order throughput.

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Chi-X gets green light for Australian platform; LSE bemoans MTF's regulatory advantage

Australia's government has given in-principle approval for Chi-X to launch a trading platform in the country, finally busting the monopoly long enjoyed by the ASX.

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Warsaw bourse looks for partner to overhaul platform

After last year's failed effort to sell off a majority stake, the Warsaw Stock Exchange has changed tack, asking the world's major bourses to bid for a contract to modernise its trading platform and form an alliance.

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LCH.Clearnet begins CDS clearing in Paris

European clearing house LCH.Clearnet has launched a clearing service for credit default swaps with the support of four leading French dealers.

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Turquoise CIO L'Huillier joins Compagnie Financière Tradition

Former Turquoise chief information officer Yann L'Huillier has taken up the same role at Swiss broker Compagnie Financière Tradition.

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FPL unveils algo trading definition language; forecasts wide uptake

FIX Protocol Limited (FPL) has launched an industry standards-based messaging language for algorithmic trading strategies.

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Deutsche Börse targets savings through lay-offs and tech

Deutsche Börse has outlined plans to axe and relocate jobs and bring IT services in-house as part of a cost cutting programme designed to save EUR100 million a year.

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Chi-X Europe takes co-located direct feeds and reference data from Thomson Reuters

Chi-X Europe has rolled out Thomson Reuters' pan-European low latency direct feed, pricing and reference data service, offered through the firm's hosting centres in London.

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Nyse Euronext and Bloomberg promote open standard for securities codes

Nyse Euronext is to join with Bloomberg in promoting the market data vendor's open source securities identifier initiative.

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SEC to build IT Forensics Lab

The US Securities and Exchange Commission is to build a new 'state-of-the-art IT Forensics Lab' after admitting that successive technology budget cuts between 2005 and 2007 severely constrained its ability to effectively police the markets.

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Post-MiFID fragmentation inviting more market abuse - Avenues

The post-MiFID fragmentation of exchange trading and data has substantially increased the potential for market abuses, according to a new advisory group set up to look at the issue.

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Goldman offers 1Click algo access

Goldman Sachs is to offer clients streamlined '1Click' access to its suite of algorithmic trading programs in a global effort to improve ease of use and create consistency across its e-trading portfolio.

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Misra to head new algo trading technology firm

Hirander Misra, former chief operating officer of Chi-X Europe has resurfaced as CEO and founding director of new firm Algo Technologies.

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Film futures exchange set for launch

US firm Media Derivatives claims it will pip rival Cantor Fitzgerald to launch the first electronic futures exchange for trading movie box office receipt contracts.