2054 articles tagged with this keyword
News/Trade execution
London-based LCH.Clearnet has opened an office in New York to support a push into the US over-the-counter and exchange-traded clearing business.
11 March 2009
A new electronic futures exchange being set up by a group of banks and trading firms to take on the Chicago Mercantile Exchange plans to start live trading in June after a month of systems testing.
The London Stock Exchange is to port its EDX derivatives market to TMX Group's Sola Trading technology and is in negotiations with the Canadian group for the sale of a minority stake in EDX.
10 March 2009
Chi-X Europe has named Mark Howarth as interim chief executive officer, taking over the position from Peter Randall, who stepped down last month for personal reasons.
Electronic fixed income network MarketAxess has been granted a US patent for its bid/offer list automated trading functionality.
Competition in the exchange-trading space for European cash equities is set to get more intense with the forthcoming launch of new platforms by Nyse Euronext and Pipeline Financial.
09 March 2009
Job cuts, regulatory developments, Web 2.0 in financial services and the latest in the fight against fraud - it's all covered in this week's news review podcast.
05 March 2009
Swiss bank UBS has launched a real-time transaction cost analysis tool enabling European clients to monitor how their trades are doing while there is still time to affect the order's outcome.
London clearer LCH.Clearnet is considering buying out its shareholders and converting into a user-owned utility in a bid to fend off a takeover bid from an Icap-led consortium of banks, according to the Financial Times.
IntercontinentalExchange (ICE) has received regulatory approval from the Federal Reserve to serve as a clearing house and central counterparty for credit default swap (CDS) transactions.
The Chicago Stock Exchange (CHX) has instituted sweeping reductions in staff salaries as it bids to preserve cash and keep the business afloat in the "current difficult economic climate".
Itau Securities has contracted the technology arm of Nyse Euronext to develop an electronic trading platform that will allow customers from around the world to send orders directly to Brazil's BM&F Bovespa.
The London Stock Exchange (LSE) has selected Rapid Addition for the provision of a FIX engine to its TradElect platform.
04 March 2009
Nyfix is migrating trading on its US-based Millennium dark pool to a new high performance technology architecture that the firm says will significantly improve performance for clients.
03 March 2009
Thomson Reuters is to spend $1 billion this year on the development of new financial services products, Devin Wenig, chief executive of the Markets division at the news and information group has told the FT.
Rising volumes of over-the-counter derivatives trades are threatening to swamp legacy clearing and settlement systems, warns State Street in a report that calls for a co-ordinated industry-wide effort to develop a new post-trade servicing regime for the industry.
Goldman Sachs is set to launch its Sigma-X dark pool equity trading platform in Hong Kong this week, according to the Financial Times.
02 March 2009
Pan-European MTF Turquoise is to join Bats, Chi-x, and Nasdaq OMX as the fourth member of an industry working group set up to develop and maintain a uniform symbology framework for European equities.
Loss-making Nyfix is likely to incur further costs in the development of its Euro Millennium dark pool after it was deemed non-compliant with the latest interpretations of the MiFID rulebook by the UK's Financial Services Authority.
27 February 2009
The Committee of European Securities Regulators (CESR) is calling for the creation of a euro-centric repository of bilaterally-agreed credit derivatives, mirroring the DTCC's Trade Information Warehouse in the US.
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