Latest Trade execution News: Finextra Research

Banks join forces with energy giants on blockchain-based trading platform

ABN Amro, ING and Societe Generale are joining forces with oil giants BP, Shell and Statoil, as well as several trading houses to build a blockchain-based digital platform for energy commodities trading.

07 November 2017

News/Trade execution

Japan's banks plan 33,000 job cuts in digital downsizing

Japan's megabanks are planning to make huge, long-term cuts to their workforces as they increasingly turn to artificial intelligence (AI) and automation in a bid to streamline operations and cut costs.

31 October 2017

News/Trade execution

ICE sells Trayport to TMX Group

Intercontinental Exchange has agreed to sell energy trading technology shop Trayport to Canadian exchange operator TMX Group in a deal worth around £550 million.

27 October 2017

News/Trade execution

HKEx closes iconic trading floor as it goes all-electric

The iconic Trading Hall in the Hong Kong Exchange, which has stood through the 1997 Asia financial crash, SARS and countless boom and busts, has closed for the final time today as it became the latest stock exchange to adopt electronic trading throughout.

27 October 2017

News/Trade execution

JPMorgan signs global deal with 'In-Residence' technology startup

JPMorgan has signed a multi-year contract with UK-based Mosaic Smart Data - the first graduate of the Wall Street bank's 'In-Residence' technology startup programme - spanning its global fixed income trading business.

23 October 2017

News/Trade execution

Gleif study claims $650 million cost savings from LEI uptake

Research undertaken by McKinsey estimates that broader, global adoption of Legal Entity Identifiers (LEIs) could yield annual savings of over $150m within the investment banking industry and up to $500m for banks in the issuance of letters of credit.

18 October 2017

News/Trade execution

Illuminate Financial and Commerzbank's Main Incubator pump EUR1 million into TransFicc

TransFicc, a UK-based startup founded by former LMAX executives to address fragmentation in fixed income markets, has secured €1 million in early stage investment from Illuminate Financial and Commerzbank fintech fund Main Incubator.

11 October 2017

News/Trade execution

Fake news: Dow Jones blames technical error for headlines claiming Google is buying Apple

Dow Jones has blamed a "technical error" for a series of fake news headlines on Tuesday morning which claimed that Google was acquiring Apple for the bargain price of $9 billion.

10 October 2017

News/Trade execution

Deutsche Bank open sources Autobahn code

Deutsche Bank aims to create a common industry standard for trading technology by making its own computer code publicly available for the first time.

09 October 2017

News/Trade execution

CFTC commissioner: plans to seize algo trading source code are 'D-E-A-D'

The Commodity Futures Trading Commission (CFTC) is killing off controversial plans to seize algorithmic traders' source code.

05 October 2017

News/Trade execution

Bloomberg unbundles chat to take on Symphony

Bloomberg is reportedly unbundling chat services from its desktop terminal subscriptions, instead charging clients a flat $10 a month per user in an effort to combat the threat posed by messaging rival Symphony.

05 October 2017

News/Trade execution

New DLT consortium forms for syndicated lending market

A consortium of fintechs and banks has developed a distributed ledger technology (DLT) platform for the syndicated lending market.

05 October 2017

News/Trade execution

Tech spending key to fixed-income market share growth

Bond dealers that want to boost their market share growth need to spend big on technology. That's the message of a new report into IT spending in fixed income trading.

03 October 2017

News/Trade execution

SEC data breach: hackers accessed personal information

The Securities and Exchange Commission says that crooks may have accessed the personal information of two people during the 2016 breach at its Edgar corporate disclosure database.

02 October 2017

News/Trade execution

Overstock unit preps ATS for trading digital coins issued in ICOs

The blockchain subsidiary of online retailer Overstock is teaming up with RenGen and Argon Group to launch an SEC-compliant Alternative Trading System (ATS) for trading digital coins issued in initial coin offerings (ICOs).

28 September 2017

News/Trade execution

Commerzbank completes money market transaction over R3 Corda

Germany's Commerzbank has hailed the potential of blokchain technology for money market trades, having successfully replicated a EUR100,000 Euro Commercial Paper transaction with a limited number of trading partners.

25 September 2017

News/Trade execution

SEC says hackers may have profited from 2016 breach

Wall Street's top regulator says that a 2016 breach at its corporate disclosure database may have enabled hackers to profit from trading on inside information.

21 September 2017

News/Trade execution

JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidity

JPMorgan Chase chief Jamie Dimon has upped the ante in his criticism of bitcoin, declaring the cryptocurrency a fraud and warning that he would fire any trader caught dealing in the coin for being "stupid".

13 September 2017

News/Trade execution

Russian bank opens blockchain research centre

Russia has stepped up its plans to exploit the potential of distributed ledger technology (DLT) with the announcement that state-owned bank Vnesheconombank (VEB) is to open a blockchain research centre in Moscow.

30 August 2017

News/Trade execution

Hong Kong and Dubai pledge fintech allegiance

The respective regulators of the Hong Kong and Dubai financial markets have signed an agreement designed to further their mutual cooperation on all things fintech.

29 August 2017