Latest Trade execution News: Finextra Research

SEC strengthens exchange technology rules

The Securities and Exchange Commission has approved new rules designed to strengthen the US market's technology infrastructure, which has frequently buckled under increasing strain in recent years.

19 November 2014

News/Trade execution

Regulator gives green light to new Canadian stock exchange

Canadian regulators have given approval to Aequitas, a new stock exchange backed by a consortium of financial services firms that plans to take on TMX Group and keep out high-frequency traders.

17 November 2014

News/Trade execution

Conde takes up chairmanship at Calastone

Funds transaction network Calastone has appointed former SunGard chief Cristóbal Conde as executive chairman.

17 November 2014

News/Trade execution

RBS embraces crypto-currencies in hackathon challenge

A team from RBS took top honors at the Deloitte Digital #GoneHacking capital markets hackathon on Friday with a trading platform that utilises the Ripple protocol to handle integration with crypto-currencies.

17 November 2014

News/Trade execution

BNP Paribas: The five ways Bitcoin can shake up the financial services world

Bitcoin could become a market-leading technology that will change the way financial systems are engineered says BNP Paribas, in an analysis of the potential disruptive impact of the crypto-currency on banking and asset servicing.

12 November 2014

News/Trade execution

Nasdaq wins SIP mandate

Nasdaq OMX has retained the right to continue running the Securities Information Processor (SIP), a critical piece of US securities trading infrastructure.

06 November 2014

News/Trade execution

UK watchdog to investigate blockchain potential

The Financial Conduct Authority is to investigate ways in which the technology underpinning bitcoin can be used elsewhere in the formal financial services industry.

29 October 2014

News/Trade execution

Former SEC chairman Levitt becomes advisor to bitcoin firms

Former US Securities and Exchange Commission chairman Arthur Levitt is taking on advisory roles at bitcoin firms BitPay and Vaurum. He enters the cryptocurrency industry as it digests rulings from regulators that could see many companies classed as money transmitters.

28 October 2014

News/Trade execution

Eagle Alpha swoops on $1.2 million funding round

Eagle Alpha, a startup which scans online chatter to discern profitable trading patterns, has scored $1.2 million in funding from individual industry investors.

28 October 2014

News/Trade execution

EU regulators ask for FX traders' Facebook chats - Bloomberg

European Union antitrust regulators have asked banks to hand over the Facebook messages of foreign exchange traders, according to Bloomberg.

27 October 2014

News/Trade execution

Coinfloor to expand trading to wider range of currencies

London-based bitcoin exchange Coinfloor is to open up to new currencies, accepting deposits in US dollars, euros and Polish zloty, this Tuesday. Coinfloor is already the the biggest exchange for bitcoin-to-sterling transactions by volume of currency traded.

20 October 2014

News/Trade execution

First Derivatives to take controlling interest in Kx Systems

First Derivatives has agreed a £36 million deal to acquire a further 46.47% stake in high performance database outfit Kx Systems, giving the firm a leg-up into the market for big data systems in capital markets and other vertical industries.

17 October 2014

News/Trade execution

DTCC to oversee US market shift to T+2

Within a week of European markets moving to a T+2 settlement cycle, the DTCC in the US has formed a steering committee and working group to oversee a similar shift for trades in equities, corporate and municipal bonds, and unit investment trusts (UITs).

16 October 2014

News/Trade execution

CME to cull tech staff in restructuring

CME is to cut five percent of its workforce, or about 150 jobs, with the majority of lay offs coming from technology positions.

14 October 2014

News/Trade execution

HFT dealing turns sour for Thomson Reuters as Bloomberg takes on consumer confidence data

An agreement by the University of Michigan to distribute its market moving consumer confidence survey via Bloomberg terminals, rather than exclusively through Thomson Reuters, has been applauded by the New York Attorney General as a victory in his prolonged battle against high frequency trading.

08 October 2014

News/Trade execution

Overstock hires developers to create crypto-securities exchange

Online retailer Overstock has hired developers who worked on the P2P decentralised exchange Counterparty to build a marketplace for corporate stocks issued as 'cryptosecurities'.

07 October 2014

News/Trade execution

US Treasury trading goes electronic

Nearly half of overall US Treasury trading volume is now executed electronically, with Bloomberg and Tradeweb dominating the fast-changing market, according to Greenwich Associates.

03 October 2014

News/Trade execution

Robinhood raises $13m for commission-free stock trading app

Robinhood, the startup behind a no-commission stock trading app, has raised $13 million in a series a funding round led by Index Ventures and joined by celebs including Snoop Dogg.

24 September 2014