Latest Trade execution News: Finextra Research

DTCC names Lehman veteran Bridget O'Connor CTO

The Depository Trust & Clearing Corporation (DTCC) has appointed former Lehman Brothers CIO Bridget O'Connor as managing director and chief technology officer.

01 September 2009

News/Trade execution

Chi-X Europe latest to slash fees

Multilateral trading facility Chi-X Europe has outlined plans for an aggressive pricing promotion this autumn as the battle for equity market share across the continent continues to rage.

28 August 2009

News/Trade execution

Nyse Euronext to buy Nyfix for $144m

Nyse Euronext has entered into a definitive agreement to acquire, through its technology unit, US trading systems vendor Nyfix in a cash deal worth around $144 million.

27 August 2009

News/Trade execution

Morgan Stanley hires former Citi e-trading head Evans - WSJ

Morgan Stanley has hired former Citi electronic trading head Richard Evans to take charge of its automated execution business in the European equity markets, the Wall Street Journal reports.

27 August 2009

News/Trade execution

Nasdaq OMX and BM&F Bovespa in partnership talks; LSE and Nyse Euronext eye Indian bourse stakes

Nasdaq OMX and Brazil's BM&F Bovespa have entered into exclusive discussions aimed at setting up a strategic, commercial and technological partnership. Meanwhile, local press reports suggest the LSE and Nyse Euronext are both considering taking five per cent stakes in India's MCX-SX.

27 August 2009

News/Trade execution

Algo traders and dark pools under fire as US senator calls for market review

The Securities and Exchange Commission (SEC) has been urged to conduct a comprehensive review of market structure by US Senator Ted Kaufman, who warns that practices such as algorithmic trading and the use of dark pools may erode investor confidence.

26 August 2009

News/Trade execution

Deutsche Börse taps IBM messaging technology for new trading infrastructure

Deutsche Börse has selected messaging technology from IBM as part of a project to bring its Eurex, ISE and Xetra exchanges onto a common IT infrastructure.

25 August 2009

News/Trade execution

Australian regulation changes pave way for new trading platforms

The Australian government has handed the country's regulator responsibility for supervising real-time trading on markets, in a move that is expected to end the monopoly currently enjoyed by the ASX.

24 August 2009

News/Trade execution

Researchers claim network delay tracking breakthrough

In a breakthrough that could prove significant for investment banks running electronic trading systems, computer scientists say they have developed an inexpensive way to track microsecond delays in data centre networks.

21 August 2009

News/Trade execution

Turquoise looks for buyer

Turquoise, the pan-European equity trading platform backed by nine investment banks, has begun looking for a buyer, sending out sales notices to as many as 18 potential bidders, according to Bloomberg.

18 August 2009

News/Trade execution

SmartPool to add mid-cap securities

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, is moving into pan-European mid-cap securities.

17 August 2009

News/Trade execution

Chi-Tech launches 'exchange-neutral' European trading network

Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.

14 August 2009

News/Trade execution

Nyse Liffe shelves CDS clearing

Nyse Euronext subsidiary Liffe has suspended its European credit default swaps (CDS) clearing service after failing to attract a single trade since launching in December.

13 August 2009

News/Trade execution

Finextra50 sees reversal of fortunes

The Finextra50 Technology Index continues its rise in July with an almost eight point gain. In a complete reversal from June, Fico was one of the top five gainers while Microgen slipped down to one of the top five losers.

12 August 2009

News/Trade execution

LSE close to binning TradElect; reviews alternative platforms - DJ

The London Stock Exchange is close to replacing the £40 million TradElect platform, says CEO Xavier Rolet in an interview with Dow Jones Newswires.

12 August 2009

News/Trade execution

SGX and Chi-X plan dark pool

The Singapore Exchange (SGX) and Chi-X have signed a heads of terms agreement to develop and launch Asia Pacific's first bourse-backed dark pool.

12 August 2009

News/Trade execution

Markit and DTCC derivatives trade processing JV set for September launch

The US Depository Trust & Clearing Corporation (DTCC) and UK-based Markit will launch their OTC derivatives processing services joint venture in September after getting the green light from regulators.

11 August 2009

News/Trade execution

Call for national reference data respository to combat systemic risk

The American Statistical Association (ASA), as well as the EDM Council, have endorsed a petition to create a new US Federal agency to build and oversee a centralised utility for maintaining reference and trade data.

07 August 2009

News/Trade execution

Market data rivals battle for share of wallet as terminal sales wilt

In an unprecedented announcement, Bloomberg has admitted to a fall in terminal numbers, revealing a four per cent drop from November last year. The statement was released late Tuesday, the day before the publication of second quarter 2009 results from Thomson Reuters, which highlight the positive outlook in the diversified vendor's non-financial services professional division.

06 August 2009

News/Trade execution

Direct Edge CEO hits back over flash orders

The boss of Direct Edge, the alternative trading system that pioneered the introduction of flash order types three years ago, has launched a robust defence of the controversial practice as regulators hint at a looming crackdown.

06 August 2009