Latest Trade execution News: Finextra Research

Six bidding for European covered bond platform

Six companies - Icap, TradeWeb, Eurex, MTS, BGC Partners and Bloomberg - are bidding to provide a new electronic trading platform for European covered bonds.

16 May 2008

News/Trade execution

Wombat reports Equiduct Trading deal

Nyse Euronext-owned Wombat Financial Software has signed Börse Berlin Equiduct Trading to its tick data management platform, One Tick.

14 May 2008

News/Trade execution

Nyse Euronext selects Red Hat for move to Linux

Transatlantic exchange Nyse Euronext has migrated its electronic trading infrastructure to the Linux operating system under a deal with open source vendor Red Hat.

14 May 2008

News/Trade execution

UBS launches ATS in US

Swiss investment bank UBS says its global equities business has launched an alternative trading system (ATS) for crossing orders in US stocks.

14 May 2008

News/Trade execution

ICE secures FSA approval for UK clearing house

US market operator IntercontinentalExchange (ICE) has received regulatory approval to establish its own clearing operation in London.

13 May 2008

News/Trade execution

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

09 May 2008

News/Trade execution

Nyse Euronext names Benjamin Chrnelich CAO of technology unit

Transatlantic exchange Nyse Euronext has appointed Lehman Brothers executive Benjamin Chrnelich as senior vice president and chief administrative officer at its recently-established trading technology unit.

09 May 2008

News/Trade execution

Nyfix clarifies acquisition strategy

US trading systems vendor Nyfix has moved to scotch reports that it is gearing up to merge with two un-named vendors and has stated that it is holding acquisition talks with a number of smaller firms.

06 May 2008

News/Trade execution

Standards bodies collaborate for interoperability

The major financial market standards bodies have collaborated to create an 'investment roadmap' aimed at eventually establishing ISO 20022 as the common financial messaging standard, while maintaining the existing independent protocols.

06 May 2008

News/Trade execution

Smartpool selects EuroCCP and LCH.Clearnet for clearing and settlement

EuroCCP and LCH.Clearnet have both been selected to provide clearing and settlement services for SmartPool - the pan-European electronic block trading platform being established by Nyse Euronext in partnership with HSBC and BNP Paribas.

06 May 2008

News/Trade execution

GL Trade shareholders exploring options

Nyse Euronext is one of a group of major shareholders in GL Trade that are considering "strategic options" for the French dealing systems vendor, including disposing of their shareholdings.

06 May 2008

News/Trade execution

Liquidnet Europe signs for Markit Boat platform

Electronic broker-dealer Liquidnet Europe has signed up to use the Markit Boat MiFID-compliant trade reporting platform.

02 May 2008

News/Trade execution

SWX fines SocGen for trader violations

French banking group Société Générale (SocGen) has been fined SFr30,000 by SWX Swiss Exchange for failing to monitor its traders and allowing unregistered users to access the exchange's systems.

02 May 2008

News/Trade execution

David Hardy quits MF Global

David Hardy - the former head of LCH.Clearnet - has stepped down from his position of head of strategic market development at commodity broker MF Global.

02 May 2008

News/Trade execution

Oslo Børs re-thinks Genium upgrade

Oslo Børs is on the verge of pulling out of a deal to replace its trading infrastructure with the new Genium Trading system from Nasdaq OMX after discovering that the transatlantic exchange has changed the content and structure of the platform.

28 April 2008

News/Trade execution

Nyse Euronext inks TSE options trading deal

Nyse Euronext has won a deal to supply an options trading system, based on its Liffe Connect platform, to the Tokyo Stock Exchange (TSE).

28 April 2008

News/Trade execution

CLSA to launch dark pool in Asia

CLSA Asia-Pacific Markets, a Hong Kong-based subsidiary of Credit Agricole, is preparing to launch a dark pool exclusively for block trading in Asia.

28 April 2008

News/Trade execution

Algo trading winning out over alternative execution strategies - TradingScreen

Investors using algorithmic trading tools are seeing significant improvements in performance over alternative execution strategies, according to an analysis of deal activity at 200 hedge funds and asset managers conducted by EMS vendor TradingScreen.

24 April 2008

News/Trade execution

Crunch to squeeze sell side spending on technology

Spending on technology by sell side firms in North America will rise at a compound annual growth rate (CAGR) of just 1.3% through to 2011 - down significantly from the 8.5% growth seen between 2004 and 2007, as companies hit by the credit crunch revise IT budgets, according to a study by analyst house Celent.

23 April 2008

News/Trade execution

Patsystems says customers delaying buying decisions

London trading technology vendor Patsystems says major buying decisions by clients "are concluding more slowly than usual" as the credit crisis bites but trading in 2008 has been in line with expectations so far.

17 April 2008