Trade execution

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/Trade execution

British competition watchdog wants ICE to sell Trayport

Britain's competition watchdog has ruled that IntercontinentalExchange should sell Trayport to preserve competition in wholesale energy trading markets.

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Fed paying close attention to 'significant' blockchain

Distributed ledger technology may be the "most significant development in many years" for payments, clearing and settlement, according to a Federal Reserve governor who says that the central bank will publish its own blockchain paper later this year.

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Funderbeam raises $2.6 million to propel startup financing

A blockchain-based startup for trading in growth companies founded by former Nasdaq Tallin stock exchange head Kaidi Ruusalepp has raised $2.6 million in a funding round led by Draper Associates, Thomson Reuters, and IQ Capital.

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Thomson Reuters to build new Toronto tech centre

Thomson Reuters is to build a new technology centre in downtown Toronto, creating 400 IT jobs.

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Robots blamed for sterling flash crash

Robot traders are being blamed for a currency rout which saw the pound plunge by six percent in just two minutes in early Asian trading Friday.

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IBM to acquire Promontory; create AI-driven compliance subsidiary

IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.

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Europe opens in-depth probe into LSE/Deutsche Bourse tie-up

The European Commission has opened an in-depth anti-trust investigation into the proposed EUR24 billion merger between Deutsche Bourse and the London Stock Exchange.

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Merrill Lynch pays $12.5m fine over mini-flash crashes

The Securities and Exchange Commission has fined Merrill Lynch $12.5 million for ineffective trading controls which led to a series of "mini-flash crashes".

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R3 banks use Intel distributed ledger technology for bond trading

Working under the R3 banner, a gang of eight banks have successfully tested a distributed ledger prototype for bond transactions using Intel technology.

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CBOE to acquire Bats for $3.2 billion in cash and stocks

The Chicago Board Options Exchange has agreed a blockbuster deal to acquire Bats Global Markets for $3.2 billion using a mixture of cash and stocks.

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ASX blames outage on 'unprecedented' hardware failure

The Australian Securities Exchange (AS) has blamed an "unprecedented" hardware failure for problems on Monday that forced the bourse to open late and close early.

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Bats shares soar on CBOE take over talk

Shares in Bats Global Markets have soared on the back of speculation that it may be acquired by the venerable Chicago Board Options Exchange.

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Thomson Reuters boosts buy-side capabilities with Redi acquisition

Thomson Reuters has agreed to buy trading technology firm Redi Holdings in a bid to boost its buy-side offering. Financial terms of the deal were not disclosed.

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Time has come to extract value from blockchain investment – new Finextra paper

Latest Finextra paper finds blockchain has grown up during 2016, and explores industry’s efforts to exploit its potential in a shorter timeframe.

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ASX shut down by hardware failure

The Australian Stock Exchange was forced to close early on Monday following a day of problems caused by a hardware failure in a database used by the bourse's equities trading system.

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AJ Bell Youinvest takes stock of Amazon Echo

Online investment platform AJ Bell Youinvest is tapping Amazon Echo to provide spoken portfolio valuations and market quotes to customers via the voice-activated device.

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CFTC approves rules to strengthen cyber resilience in financial markets

US exchanges, clearing houses, trade repositories and dealing platforms will have to test their systems for cyber-vulnerabilities at least once a quarter under new rules approved by the Commodity Futures Trading Commission.

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Thomson Reuters delves deeper into Ethereum

Thomson Reuters is partnering with Ethereum, Imperial College of London, UCL, and tech partners Oraclize, Crypto Compare and Ethcore to host a weekend-long blockchain hackathon in Canary Wharf, London.

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R3 signs up BM&FBovespa as first exchange member

The rapidly expanding R3 distributed ledger consortium has added its first exchange, in the shape of Brazilian giant BM&FBovespa.

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Exchange body calls for creation of regulatory sandboxes for distributed ledgers

The World Federation of Exchanges is calling for the creation of regulatory sandboxes for distributed ledger technology, to help industry efforts to explore and understand the impact of blockchain-based services in the capital markets.