Latest Trade execution News: Finextra Research

Liquidnet postpones IPO

Buy-side trading network Liquidnet has shelved plans to go public until 2010 due to poor market conditions.

02 December 2008

UK competition watchdog refrains from intervention in clearing

The UK's Office of Fair Trading has decided not to take any further action in the market for derivatives clearing, after inviting views earlier this year.

02 December 2008

News/Trade execution

Turquoise to tap new investors

Alternative share trading platform Turquoise is looking for fresh funding from new investors just two months after launch.

01 December 2008

News/Trade execution

Finexpo to highlight new trends in risk and transaction management

The Finexpo - Risk & Transaction Management conference and exhibition has opened for registration. The event, on Thursday 5 February at The Brewery in London, will focus on the latest developments in risk management approaches, regulatory frameworks, data and transaction management solutions and clearing and settlement infrastructures.

28 November 2008

News/Trade execution

Citi restructuring claims electronic trading head Richard Evans

Richard Evans, Citigroup's global head of electronic trading has been made redundant in the latest round of restructuring at the struggling US bank.

28 November 2008

News/Trade execution

UBS launches Malaysian DMA as exchange prepares new trading platform

UBS has launched direct market access (DMA) on Bursa Malaysia, and rolled out its proprietary execution management system, UBS Sapphire, as the exchange prepares to switch to its new cash equities trading platform on Monday.

28 November 2008

News/Trade execution

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

27 November 2008

News/Trade execution

Nasdaq OMX selected to establish UK power market

Nasdaq OMX has been chosen by the Futures & Options Association (FOA) to set up a UK spot and cash-settled derivatives power exchange.

27 November 2008

News/Trade execution

Asset managers call for consolidated tape as MiFID rule changes hit data quality

The UK Investment Management Association (IMA) says the quality of information relating to best execution in UK equities has deteriorated since the introduction of the Markets in Financial Instruments Directive (MiFID) last year.

25 November 2008

News/Trade execution

Nyse Arca to partner with Liquidnet: Knight to launch European dark pool

Nyse Arca is to add liquidity to buy-side block crossing network Liquidnet, as traditional exchanges and dark pools trend towards convergence strategies.

25 November 2008

News/Trade execution

SecFinex signs with SIS x-clear for securities lending CCP

Nyse Euronext subsidiary SecFinex has commissioned SIS x-clear to develop a central counterparty service for stock borrowing and lending across the SecFinex Order Market.

25 November 2008

News/Trade execution

Eurex and Clearstream to introduce CCP for securities lending

Deutsche Börse Group subsidiaries Eurex Clearing and Clearstream Banking Luxembourg have announced plans to introduce a central counterparty service (CCP) for securities lending in Q2 2009.

24 November 2008

News/Trade execution

Euroclear to acquire Xtrackter

European depository Euroclear is to acquire Xtrakter, the capital markets services division of trade association ICMA.

20 November 2008

News/Trade execution

Plus Markets and Direct Edge sign TransAtlantic co-operation pact

UK small and mid-cap exchange Plus Markets is to partner with the US-based Direct Edge ECN to explore strategic opportunities for the listing and trading of stocks in US, UK and EU markets.

19 November 2008

News/Trade execution

FfastFill raises £1 million; losses widen

Screen dealing technology vendor FfastFill has raised £1 million from a placing of 15.4 million shares at six-and-half pence per share.

19 November 2008

News/Trade execution

Interactive Data looks for growth in Japan with NTT Data stake

Interactive Data is to acquire a majority 64% stake in Tokyo-based reference data outfit NTT Data Financial (NDF) from NTT Data Corp for $20.2 million.

19 November 2008

News/Trade execution

Chi-X acquires exchange technology specialist Cicada

Electronic trading platform Chi-X has acquired dealing technology outfit Cicada, with the aim of creating a new exchange services business unit.

18 November 2008

News/Trade execution

Fixnetix bags Credit Suisse hosted trading deal

Credit Suisse is to use technology from Fixnetix to offer hosted low-latency trading support and ultra-fast direct market access to users of its Advanced Execution Services business.

17 November 2008

News/Trade execution

US regulators sign CDS counterparty clearing MoU

US regulatory agencies have signed a memorandum of understanding to jointly guide the development of central counterparty clearing arrangements for the credit default swaps market.

14 November 2008

News/Trade execution

Finextra hits three million milestone

Monthly page views on the Finextra Research online Website broke the three million barrier for the first time in October, cementing the site's position as the market-leading information resource and community platform for financial technology professionals worldwide.

14 November 2008