Latest Trade execution News: Finextra Research

Orc and Neonet plan merger

Swedish vendors Orc Software and Neonet are recommending a merger to their shareholders in a deal that would see them combine equity and derivatives trading technology expertise.

25 January 2010

News/Trade execution

Thomson Reuters woos high-frequency traders with microsecond access to news

In a bid to woo high-frequency traders in London and Chicago, Thomson Reuters has launched a market data delivery service promising microsecond access to "market moving" machine readable news content.

25 January 2010

News/Trade execution

Bats Europe launches smart order router

Exchange execution venue Bats Europe has launched a pan-European smart order routing service for best execution access to multiple market centres including exchanges, MTFs and dark pools.

25 January 2010

News/Trade execution

LSE reports revenue dip as Chi-X moves to number two spot in Europe

The London Stock Exchange is reporting a nine per cent slide in third quarter revenue as competition from rival execution venues intensifies.

21 January 2010

News/Trade execution

Europe to probe computer-driven stock trading - Bloomberg

The European Union is set to follow in the footsteps of US authorities by instituting a probe into the impact of computer-driven trading on stock market practices, according to a report by Bloomberg.

20 January 2010

News/Trade execution

Deutsche Börse to take EUR200 write-down against under-performing ISE

Deutsche Börse is to take a write-down of EUR200 million on its 2009 earnings following a poor showing in US equity options trading by the International Securities Exchange.

20 January 2010

News/Trade execution

Chi-X Canada bids for lower latency in Toronto data centre switch

Chi-X Canada has signed a deal to house its matching engine and colocation customers within Switch and Data's downtown Toronto facility.

19 January 2010

News/Trade execution

LSE names Kevin Milne director, post-trade services

The London Stock Exchange has named former Xtrakter CEO Kevin Milne as director of its post-trade services division.

18 January 2010

News/Trade execution

ECB to set back T2S timetable to beyond 2013

The European Central Bank has been forced to set back the deadline for the introduction of a new pan-European securities settlement system by up to a year as negotiations over pricing and governance drag on, according to a report in the Financial Times.

15 January 2010

News/Trade execution

Pearson confirms Interactive Data considering sale

Publishing group Pearson has confirmed that Interactive Data, in which it holds a majority stake, is reviewing "strategic alternatives" as speculation over a possible sale mounts.

15 January 2010

News/Trade execution

Quant Capital moves to Aleri CEP platform

London-based investment firm Quant Capital has deployed Aleri's complex event processing (CEP) technology to support its algorithmic trading strategies and minimise execution latencies.

15 January 2010

News/Trade execution

Deutsche Bank appoints Credit Suisse exec Marques as e-trading head

Deutsche Bank has hired former Credit Suisse executive Jose Marques to head up its global electronic equity trading business in New York.

14 January 2010

News/Trade execution

SEC begins overhaul of US equity markets with ban on direct market access

The US Securities and Exchange Commission has proposed new rules prohibiting broker-dealers from providing customers with unfiltered or naked access to an exchange or ATS. The watchdog has also called for comment on issues relating to high-frequency trading, co-locating trading terminals and dark pool trading as it seeks to re-write the rule-book for a new era of computer-driven trading.

14 January 2010

News/Trade execution

Credit Suisse penalised by Nyse for algorithmic meltdown

The New York Stock Exchange has fined Credit Suisse Securities $150,000 for failing to control development of an algorithm that went awry and flooded the Exchange trading system with hundreds of thousands of erroneous orders.

13 January 2010

News/Trade execution

Liquidnet invests in research outfit OTR Global

Liquidnet has made a strategic, unspecified, investment in OTR Global, an alternative research company providing market intelligence for institutional investors.

12 January 2010

News/Trade execution

Deutsche Börse forced to suspend bond e-trading

Deutsche Börse has been forced to suspend trading in Government bonds over the Xetra electronic platform following a legal challenge by two local brokers.

07 January 2010

News/Trade execution

Finextra and the FISD partner for webcasts in 2010

The Financial Information Services Division (FISD) and Finextra have forged a partnership to deliver a series of video webcasts for market data and risk management professionals worldwide with a focus on real-time data management and delivery, reference data, and standards.

06 January 2010

News/Trade execution

Business demands to outpace trading tech budgets in 2010 - Tabb

Speed will continue to be the name of the game for US equity brokers in 2010 but business demands beyond latency may outpace trading technology budgets, according to a study from Tabb Group.

06 January 2010

News/Trade execution

Perot man charged with insider trading returns $8.6 million

A former Perot Systems employee accused of insider trading by the US Securities and Exchange Commission (SEC), has agreed to return $8.6 million in 'illicit profits'.

06 January 2010

News/Trade execution

Euroclear names HSBC man Howell CEO

Brussels-based depository Euroclear has appointed HSBC veteran Tim Howell chief executive officer, replacing Pierre Francotte who is quitting after 10 years in the role.

05 January 2010