Trade execution

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Finextra signs off for Christmas and New Year break

The Finextra office will be closed after Tuesday 22 December, re-opening Monday 4 January.

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Dubai Financial Markets to buy rival Nasdaq exchange

Dubai Financial Markets (DFM) is to buy Nasdaq Dubai for $121 million in an effort to cut costs and restructure its business in the wake of the region's ongoing debt crisis.

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Deutsche Börse taps Corvil for latency measurement

Deutsche Börse has introduced latency monitoring and performance measurement technology from Corvil for high frequency traders on Xetra and Eurex.

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LSE to take control of Turquoise

The London Stock Exchange is to take majority control of Turquoise and merge it with its own dark pool Baikal under a deal agreed with the rival MTF's investment bank owners.

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Former Chi-X chief Randall moves to Equiduct

Peter Randall is to take over as chief executive officer of electronic exchange venue Equiduct, just eight months after stepping down as chief of rival Chi-X Europe for "personal family reasons".

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Bats plans US listings market

Bats Exchange has unveiled the latest stage of its assault on Nyse Euronext and Nasdaq OMX, outlining plans to launch a US listings market by next summer.

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Clearstream plans carbon trading settlement service

Deutsche Börse's Clearstream is set to launch a settlement and custody service for carbon trading rights called Global Emissions Market Access (Gema).

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CME Group launches CDS clearing

CME Group has begun clearing credit default swaps (CDS) as it moves to take advantage of increasing regulatory scrutiny of the market and compete with the rival InterContinentalExchange.

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LSE closes on joint venture deal with Turquoise owners - Bloomberg

The London Stock Exchange is close to agreeing a deal that would give it a 60% stake in a joint venture company combining its Baikal dark pool with investment-bank owned Turquoise MTF, according to Bloomberg.

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Canadian dealers to develop fixed income clearing counterparty

Canadian dealers are to work with the Canadian Derivatives Clearing Corporation (CDCC) to develop a central counterparty (CCP) and netting utility for Canada's fixed income market.

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Interactive Data acquires 7Ticks; creates new real-time trading unit

Interactive Data is to acquire low latency trading specialist 7Ticks and create a new real-time market data and electronic trading group to capitalise on emerging opportunities in wealth management and auto-trading.

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Nomura to launch pan-European dark pool

Nomura is to shift liquidity from its internal crossing network into a new FSA-regulated dark pool multilateral trading facility (MTF) for pan-European equities.

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Patsystems sets course for a prosperous New Year with $6 million TurkDex deal

Screen dealing vendor Patsystems has won a $6 million contract to provide exchange, trading and risk management technology to the Turkish Derivatives Exchange (TurkDex).

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US House backs reforms to clearing house ownership rules

US lawmakers have approved a bill that will place a 20% limit on collective bank ownership of derivatives clearing houses, despite fierce opposition from financial industry participants.

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Financial services strike to force Finns online

Around 30,000 financial services staff in Finland are set to go on a three day strike next week, leaving virtually all bank branches closed and online, ATM and in-store services subject to disruption.

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Howls of protest greet proposals to limit bank-ownership of clearing houses

A proposed amendment to the US financial reform bill that would limit bank ownership of derivatives clearing houses has been met by a wave of criticism from financial market participants.

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Bloomberg buys energy data provider

Bloomberg has acquired New Energy Finance, a UK-based provider of news, data and analysis on renewable energy, carbon markets and nuclear power. Financial terms of the deal were not disclosed.

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National Futures Association throws the rule book at social networkers

The US National Futures Association has set out highly restrictive compliance rules on the use of social networking channels such as blogs, chatrooms, forums, facebook and Twitter by member financial firms.

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Thomson Reuters wins Bursa Malaysia market data deal

Bursa Malaysia has contracted Thomson Reuters to build a data distribution platform to support its growing trading business.

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Following LSE glitch, Bats Europe calls for market outage protocol

In the wake of last month's technical glitch at the London Stock Exchange, Bats Europe is calling for a clear market outage protocol to help participants plan and ensure trading remains orderly.