Latest Trade execution News: Finextra Research

Deutsche Bank to issue update on IT overhaul - FT

The executive charged with the job of overhauling Deutsche Bank's IT systems is due to give her first progress report this Friday, according to the Financial Times.

29 March 2016

News/Trade execution

Commission forces Esma back to the drawing board over MiFID II reforms

The European Commission has asked capital markets watchdog Esma to reconsider some of the more contentious aspects of its planned reforms of MiFID II, raising the prospect of further delays in implementing the new rulebook.

17 March 2016

News/Trade execution

Overstock preps blockchain public offering

In what it claims is a world first, online retailer Overstock is set to issue public shares using its proprietary blockchain technology.

16 March 2016

News/Trade execution

LSE and Deutsche Bourse confirm merger terms

The London Stock Exchange and Deutsche Bourse have agreed the terms of a blockbuster "merger of equals", shrugging off the tentative advances from rival suitors for the UK exchange.

16 March 2016

News/Trade execution

Esma expresses case for and against distributed ledgers in post-trade markets

The potential benefits of the application of distributed ledger technologies in the securities markets sit squarely in the post-trade environment, according to initial research findings from Esma (European Securities and Markets Authority) following a year-long review of the technology.

11 March 2016

News/Trade execution

Former Thomson Reuters chief Glocer invests in Algomi

Former Thomson Reuters CEO Tom Glocer has invested in, and become a strategic advisor to, fixed income liquidity discovery start-up Algomi.

10 March 2016

News/Trade execution

Nasdaq to pay Deutsche Bourse $1.1bn for ISE

As it moves ahead with a planned LSE merger, Deutsche Bourse has agreed to offload International Securities Exchange (ISE) to Nasdaq for $1.1 billion in cash.

10 March 2016

News/Trade execution

Finextra’s NextGen Banking conference fills Level39 to maximum capacity

Senior executives from challengers and incumbents gathered together to debate market access, customer requirements, PSD2 implications, technology issues and collaboration opportunities in front of a packed crowd at Finextra's NextGen Banking conference at Level39.

08 March 2016

News/Trade execution

Mizuho and Fujitsu complete blockchain trial

Japan's Mizuho Bank and Fujitsu say that they have carried out a trial using blockchain technology to streamline cross-border securities transaction settlements.

08 March 2016

News/Trade execution

Citi leads $4.2 million Selerity funding round

Selerity, a startup that monitors unstructured data and delivers personalised alerts to investors and traders, has raised $4.2 million in a funding round led by Citi, which is also using the firm's algorithms to provide recommendations to clients through its Citi Velocity platform.

08 March 2016

News/Trade execution

TSX appoints blockchain expert chief digital officer

The Toronto Stock Exchange has become the latest bourse to recognise the potential importance of distributed ledger technology, hiring blockchain specialist Anthony Di Iorio as its chief digital officer.

07 March 2016

News/Trade execution

Financial services set for a fundamental shake-up - Deloitte

The emergence of a raft of disruptive technologies and trends will fundamentally transform the financial industry over the next five to ten years, says Deloitte.

04 March 2016

News/Trade execution

Whistleblower says SEC awarded him $750,000 for Nyse tip

The founder of market data outfit Nanex says that he has been awarded $750,000 for a whistleblowing tip that resulted in the New York Stock Exchange getting slapped with a $5 million SEC fine.

03 March 2016

News/Trade execution

Iosco puts digital disruption high up the risk agenda

International securities regulatory body Iosco has identified the disruptive threats from technological innovation as a key risk factor facing financial markets in 2016.

02 March 2016

News/Trade execution

ICE prepares counterbid for London Stock Exchange

Intercontinental Exchange has confirmed that it is considering making an offer for the London Stock Exchange, following the announcement last week of merger talks between the LSE and Deutsche Bourse.

01 March 2016

News/Trade execution

Korea Exchange joins blockchain gold rush

The Korea Exchange is looking to use distributed ledger technology for a new OTC trading platform.

01 March 2016

News/Trade execution

London Stock Exchange confirms merger talks with Deutsche Bourse

The London Stock Exchange has confirmed that it is holding merger talks with Deutsche Bourse under a reverse takeover deal that would give the German exchange a 54.4% stake in the combined group.

23 February 2016

News/Trade execution

Iosco steps up focus on blockchain and robo-advisors

International securities regulators are stepping up their research into the disruptive potential posed by the development of distributed ledgers, robo-advisors and cybersecurity threats.

22 February 2016

News/Trade execution

Bank cost-cutting driving uptake of financial industry utilities

Top tier banks are increasingly open to the adoption of utility-based shared service models to drive down costs and increase efficiency in back office and compliance functions, according to research conducted by Finextra.

17 February 2016

News/Trade execution

Japan Exchange Group and IBM to run proof-of-concept blockchain test

Japan Exchange Group is to run proof-of-concept tests of the use of distributed ledger technology in low volume markets in conjunction with IBM.

16 February 2016