Trade execution

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/Trade execution

SEC expands use of Palantir big data software to catch insider traders - Reuters

The Securities and Exchange Commission has struck a five year, $90 million contract with big data outfit Palantir Technologies to help it sniff out insider trading, according to Reuters.

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More global banks back blockchain collaboration plan

An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.

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Blockchain and bond market trading win out in BBVA London startup contest

Two London-based fintech start-ups - Everledger, which uses the blockchain to record ownership of valuables, and Origin Markets, a platform which directly connects corporate bond issuers with institutional investors - have won the 2015 BBVA Open Talent Europe final.

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LSE and Shanghai Stock Exchange in talks over trading link

The UK and China are to launch a landmark feasibility study into linking the London and Shanghai stock exchanges, posing a threat to the recently-opened Hong Kong-Shanghai Stock Connect initiative.

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CFTC institutes first action against bitcoin options trader

In its first action against an unregistered bitcoin options trading platform, the Commodity Futures Trading Commission (CFTC) in the US has ruled that virtual currencies are a commodity and as such should come under the purview of the Commodity Exchange Act (CEA).

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Isda bids to build derivatives symbology standard

The International Swaps and Derivatives Association is working with a consortium of 18 buy-side and sell-side institutions to create an open source standard derivatives product identification system.

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Saxo opens trading infrastructure to the API economy

Saxo Bank is to give traders and developers access to its trading infrastructure via a new Rest-based open API, ushering in a new era of collaborative innovation.

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Bloomberg and Twitter ink data licensing deal

Bloomberg has extended its partnership with Twitter in an agreement that will see more data from the social media platform make its way to Bloomberg terminal users.

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SEC reaches $30m settlement over press release hacking case

A Ukrainian investment banking firm and its CEO have agreed to pay $30 million to settle SEC charges that they profited from trading on information hacked from newswire services.

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Iress expands in UK with acquisitions of Proquote and Pulse

Australia's Iress has acquired market data vendor Proquote from the London Stock Exchange and portfolio management software house Pulse Software Systems, boosting its presence in both the capital markets and discretionary fund management space within the UK.

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Deutsche Bourse Asian expansion plans hit by turbulence and software delays

Deutsche Bourse has delayed the launch of its planned Asian exchange and clearing house by 18 months, prompted by recent market turbulence and troublesome software issues, Reuters reports.

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IPC negotiates buy out of Etrali Trading Solutions

Dealing room communications outfit IPC has made a binding proposal to acquire rival vendor Etrali Trading Solutions.

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Pivit issues capital investment on blockchain with Digital Asset Holdings

Real-time predictive marketplace Pivit has issued a portion of its upcoming $5 million investment round using distributed ledger technology from Digital Asset Holdings.

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LSE and Boat to build MiFID II trade reporting service

The London Stock Exchange has inked a deal with Boat Services to build a MiFID II-compliant multi-asset reporting platform.

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Finra warns on use of WhatsApp for pump-and-dump scams

The Financial Industry Regulatory Authority (Finra) is warning investors about a surge in the use of messaging tools like WhatsApp by pump-and-dump scammers.

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SunGard apologises for BNY Mellon system glitch

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

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Dark pool lawsuit against Barclays dismissed by US judge

A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).

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SunGard system glitch causes havoc for BNY Mellon and US funds market

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

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Buy-side still reliant on manual process for complex derivatives - report

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

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Markit agrees DealHub acquisition

Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.