Latest Trade execution News: Finextra Research

SEC proposes dark pool rules; institutions divided over merits of high frequency trading

The US Securities and Exchange Commission has unveiled proposals aimed at shedding more light on dark pool trading by introducing new rules that would require enhanced public disclosure of stocks passing over alternative trading networks.

21 October 2009

News/Trade execution

Nyse makes move to improve dark pool transparency

With dark pools under the regulatory microscope, Nyse Euronext has struck a deal with five firms behind ATSs and off-exchange market centres to print trades made on the venues on the reporting facility it operates with Finra and display daily activity on Nyse.com.

20 October 2009

News/Trade execution

First Derivatives boosts Kx Systems stake; posts H1 profit rise

Capital markets tech house First Derivatives has acquired a further 15% interest in Californian analytical database vendor Kx Systems for $7.5 million in a mixture of cash and shares.

19 October 2009

News/Trade execution

IBM exec among six charged over tech insider trading scheme

A top IBM executive is among six people charged by US authorities over an alleged $20 million hedge fund insider trading scam involving some of the world's biggest technology companies.

19 October 2009

News/Trade execution

Nyse Technologies creates 400 Northern Ireland jobs

The technology division of Nyse Euronext has outlined plans to create 400 jobs at a new development facility in Northern Ireland.

19 October 2009

News/Trade execution

LSE tech breakdown re-ignites calls for consolidated tape

Dealing technology vendor Fidessa has re-ignited calls for the creation of a consolidated tape for European market data pricing after an outage at the London Stock Exchange last week appeared to depress trading in affected stocks.

19 October 2009

News/Trade execution

Nasdaq OMX plans new listings market and third US equity mart

Nasdaq OMX says it will establish a new US listing market, called BX, for companies that do not qualify for an exchange listing, and launch a third equity trading venue offering a price/size execution priority model.

15 October 2009

News/Trade execution

LSE trading hit by system problem

The London Stock Exchange was forced to suspend trading in several symbols this morning after a problem with invalid data.

14 October 2009

News/Trade execution

Morgan Stanley to measure latency performance with Corvil

Morgan Stanley is to use latency monitoring technology from Corvil to analyse and optimise data transmission speeds from its market data plants in New York and London and to and from execution venues.

12 October 2009

News/Trade execution

DTCC calls on lawmakers to mandate use of central trade reporting utility

The Depository Trust and Clearing Corporation has called for legislative changes mandating the use of a trade repository for over-the-counter (OTC) credit derivatives contracts in testimony submitted to the House Financial Services Committee.

09 October 2009

News/Trade execution

SEC to extend dark pool probe

The Securities and Exchange Commission is to extend its regulatory probing of dark pools to include issues surrounding high frequency trading, direct market access and co-location.

09 October 2009

News/Trade execution

SEC approves new rules to deal with erroneous trades

The Securities and Exchange Commission has approved new rules designed to limit the potential for systemic damage from fat-fingered or computer-generated erroneous trades.

06 October 2009

News/Trade execution

Instinet to launch patent-pending 'aggregated' dark pool

Instinet is set to launch a new US dark pool that combines multiple smaller buy and sell orders up to a specific volume threshold in an effort to attract more anonymous block trade order flow.

05 October 2009

News/Trade execution

LSE in talks to buy Turquoise

The London Stock Exchange says it has entered into exclusive talks with pan-European equity trading platform Turquoise about a possible transaction.

01 October 2009

News/Trade execution

Nyse Euronext appoints IBM veteran Cerutti as deputy CEO

TransAtlantic exchange Nyse Euronext has signalled the critical importance of technology to its global business operations by appointing IBM salaryman Dominique Cerutti as the successor to deputy chief executive Jean-François Théodore.

01 October 2009

News/Trade execution

LCH.Clearnet bids to resolve ownership

London clearing house LCH.Clearnet appears to have finally resolved the wrangling over its future ownership after proposing the redemption of over 40% of its shares at a price of EUR10 a piece - an offer accepted by its biggest shareholder, Euroclear Bank.

29 September 2009

News/Trade execution

Exchanges call on G20 to tackle dark pools

The World Federation of Exchanges (WFE) has urged G20 leaders to press for market reform to tackle the uneven playing field and eroded price discovery it claims has been caused by the emergence of alternative trading platforms such as dark pools.

23 September 2009

News/Trade execution

Citi, UBS and Deutsche Bank fined over outsourced IPO communications

Citi, UBS and Deutsche Bank have been fined a total of $425,000 by US regulators and ordered to pay customers up to $420,000 for failing to supervise communications related to the 2006 initial public offering of Vonage Holdings.

22 September 2009

News/Trade execution

EU's MiFID review to look at dark pools

The migration of share trading from regulated platforms to dark pools is to be examined by the European Commission as part of a wider review of the Markets in Financial Instruments Directive (MiFID).

21 September 2009

News/Trade execution

CME and Citadel ditch CDS trading platform plan to focus on clearing

CME Group and Citadel have abandoned plans to launch a credit default swaps (CDS) trading platform and will instead focus on offering clearing services for the $27 trillion market.

21 September 2009