Trade execution

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LSE outlines TradElect upgrades

The London Stock Exchange (LSE) plans to quadruple the capacity of its TradElect platform over the next few months as it looks to fend off competition from rivals entering its market.

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Deutsche Bank live on Chi-X Europe

The nine investment banks establishing the MiFID-compliant Turquoise platform are all now trading on rival ATS Chi-X Europe after Deutsche Bank executed its first trades on the Instinet system.

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Nyse to overhaul floor trading

The New York Stock Exchange (Nyse) is gearing up to introduce new rules for floor specialists that will effectively end its hybrid model of open outcry and electronic trading.

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Nyse to sell market data to Internet sites

The New York Stock Exchange (Nyse) is gearing up to launch a low-cost real-time market data service for delivery over personal finance Web sites. The move follows earlier deals by Nasdaq OMX and Bats Trading to distribute market data to new media giants such as Google and Yahoo!.

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Industry association to probe exchange clearing

The Futures and Options Association (FOA) is to probe plans by IntercontinentalExchange (ICE) and Liffe to establish clearing houses in Europe as part of a larger investigation into the exchange clearing business in the region.

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Nyse Euronext launches hosted technology platform

Transatlantic exchange Nyse Euronext has launched a new hosted 'Community Platform', designed to provide customers with "plug-in" access to products and services from external technology vendors.

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Sell-side to increase spending on equity analytics - Tabb

With the emphasis on managing risk at an all-time high, spending on equity analytics by global sell-side firms will rise at a compound annual growth rate (CAGR) of five per cent through to 2012, says a new Tabb Group report.

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KTS sells off Market Terminal subscriber base

London-based Knowledge Technology Solutions (KTS) has sold its Market Terminal subscription service to investment software vendor Ionic Information for a minimum consideration of £50,000 in cash.

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LSE low latency data delivery service goes live

The London Stock Exchange (LSE) says it has gone live with Performance Channels, a low-latency, high speed delivery mechanism for data distributed by its Infolect application.

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Smart routing vital to success in post-MiFID market

Smart order routing is key to success for agency brokers operating in the increasingly fragmented post-MiFID market, according to Instinet Europe.

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Nyse Euronext woos algorithmic traders with fee cuts

In a bid to win market share from rival bourses and alternative trading systems, transatlantic exchange Nyse Euronext is slashing fees for high-frequency, algorithmic trading on its European cash equity markets.

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ICE to buy Creditex

US market operator IntercontinentalExchange (ICE) has signed a definitive agreement to acquire electronic credit derivatives trading platform Creditex in a cash and stock deal worth around $625 million.

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Private equity outfit takes stake in MarketAxess

Private equity firm Technology Crossover Ventures (TCV) is acquiring a minority stake in US electronic bond trading network MarketAxess for an aggregate purchase price of $35 million.

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Glitch delays trading on OMX exchanges

Technical glitches have delayed trading on the Stockholm, Helsinki and Copenhagen stock exchanges for the second time this week.

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Nasdaq OMX launches free real-time market data service

Market operator Nasdaq OMX has launched a free-of-charge real-time market data service that will be delivered by Google, the Wall Street Journal, CNBC and Xignite.

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Bats chooses Fortis for European clearing

US ECN operator Bats Trading has recruited Dutch-Belgian banking group Fortis to provide clearing services for its new European trading facility, which is slated for launch in September.

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Nasdaq OMX adds compliance expert Steve Matthews to pan-European team

Newly-merged market operator Nasdaq OMX has appointed Credit Suisse executive Steve Matthews as chief legal and compliance officer of its new pan-European market for blue chips.

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Bats distributes real-time market data on Yahoo

In a move to lure more US retail investors to its trading platform, Bats Trading - the all-electronic alternative to Nasdaq OMX and Nyse Euronext - has struck a deal to provide its real-time US stock quotes free of charge to users of Yahoo! Finance.

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LSE to offer equity research on smaller firms

In an attempt to boost liquidity of smallcap stocks on its junior and main market, the London Stock Exchange (LSE) is launching an equity research service that will provide information and analysis on smaller companies.

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ICMA to sell off Xtrakter unit

The International Capital Market Association (ICMA) is selling off its markets services business Xtrakter, which houses the Trax matching and reporting system.