Latest Trade execution News: Finextra Research

Icap hires Beeston to spearhead post-trade expansion

In line with its ambitions to expand into the trade processing arena, interdealer broker Icap has appointed Mark Beeston to the newly-created post of business development director for post-trade services.

16 November 2009

News/Trade execution

Nasdaq OMX sets back Nordic system migration deadline

Nasdaq OMX has delayed the deadline for migrating its Nordic exchange venues to the new Inet trading platform by two months.

16 November 2009

News/Trade execution

Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

Dow Jones has agreed to sell its 33.3% stake in Swiss index provider Stoxx to Deutsche Börse and Six Group for EUR206.1 million in cash.

12 November 2009

News/Trade execution

Europe opens anti-trust probe into Reuters Instrument Codes

The European Commission has opened anti-trust proceedings against Thomson Reuters over possible abuse of its dominant market position in the supply of Reuters Instrument Codes.

10 November 2009

News/Trade execution

LSE trading hit by technical glitch, again

On the day it moved to woo high frequency traders with a massive expansion of its co-location services, the London Stock Exchange was forced to halt trading in nearly 300 UK stocks because of a technical problem.

10 November 2009

News/Trade execution

ConvergEx to acquire Nyfix US Transaction Services business

ConvergEx has agreed to acquire the US electronic agency execution business of Nyfix Transaction Services, comprising the Millennium Alternative Trading System (ATS) and its direct market access (DMA) and algorithmic products.

09 November 2009

News/Trade execution

LSE introduces hidden orders; delays Baikal

The London Stock Exchange is to start letting traders place hidden orders in a bid to ward off competition from dark pools. Separately, press reports claim the bourse is delaying the launch of its own dark pool, Baikal, while it continues deal talks with rival platform Turquoise.

09 November 2009

News/Trade execution

Bloomberg smashes proprietary identifier market

Market data vendor Bloomberg is looking to create an open standard for financial instrument identifiers by making its own proprietary symbology available for free to developers and market practitioners.

04 November 2009

News/Trade execution

BME to take on DTCC with trade repository plan

Spanish bourse Bolsas y Mercados Españoles (BME) has announced plans to create a trade repository for over-the-counter (OTC) financial instruments, in a move that will pit the European exchange operator against the US-based Depository Trust and Clearing Corporation (DTCC).

03 November 2009

News/Trade execution

Deutsche Börse begins pan-European blue chip trading

Deutsche Börse has launched a pan-European market, based on its Xetra electronic trading platform, as it looks to take on the raft of new competitors to have emerged in the wake of MiFID.

02 November 2009

News/Trade execution

Nyse Euronext profits slide; sells off stake in US futures business

Nyse Euronext has reported a 28% drop in third quarter profit amid steep declines in revenue from cash equity trading in Europe and the US. The exchange operator has also sold off a significant equity stake in its futures business Nyse Liffe US to a group of five leading banks and liquidity providers.

30 October 2009

News/Trade execution

LCH.Clearnet suspends interoperability work as watchdogs probe risks

LCH.Clearnet has suspended plans to begin offering clearing services across a range of execution venues next week due to regulatory concerns about systemic weaknesses in clearing house interoperability arrangements.

30 October 2009

News/Trade execution

As dark pool debate rages, Credit Suisse Crossfinder records best ever day

Despite growing scrutiny from regulators, the popularity of dark pools shows no signs of abating in the US, with Credit Suisse's Crossfinder ATS recording its strongest ever day this week, claiming half a billion shares traded.

30 October 2009

News/Trade execution

Finra forms Social Networking Task Force

US regulatory body Finra has formed a Social Networking Task Force to explore the compliance challenges posed by new Web 2.0 communications channels, such as FaceBook, LinkedIn, and Twitter.

29 October 2009

News/Trade execution

Canada fixed income sees e-trading surge

In the midst of the global financial crisis, Canada's largest and most active institutional fixed-income traders led a long-awaited move into electronic trading, according to research from Greenwich Associates.

29 October 2009

News/Trade execution

Nasdaq launches social network

Nasdaq has unveiled a financial networking community on its Web site offering market commentary, investment analysis and social tools to help members interact with content through ratings, discussions, and personalisation.

28 October 2009

News/Trade execution

SEC sets sights on sponsored access and exchange co-location

After taking on dark pools and flash orders, the Securities and Exchange Commission has now turned its attention to high frequency trading and the practice of sponsored access to exchanges.

27 October 2009

News/Trade execution

Nasdaq serves up Twitter stock buzz on iPhone

Nasdaq has released an iPhone app that enables users to track the performance of their portfolio, access share price information and search for the latest tweets on particular stocks.

26 October 2009

News/Trade execution

Fidessa forecasts slowdown in H2 as consolidation trends hit market

Trading systems vendor Fidessa is forecasting a slowdown in growth for the second half of 2009 as consolidation trends hit smaller customers and buy-side firms.

23 October 2009

News/Trade execution

Nomura launches low-latency European trading service

Nomura has launched a low latency trading service that taps networking technology from Colt to offer clients co-located software hosting connectivity to major exchanges and MTFs in Europe.

22 October 2009