Trade execution

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/Trade execution

Electronic trading in corporate bond market on the up

Electronic trading in the corporate bond market is set to reach 20% in volume by 2016 as buy side investors spread the net in the search for new sources of liquidity, says Greenwich Associates.

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ICE agrees $350m SuperDerivatives acquisition

IntercontinentalExchange (ICE) has agreed a $350 million cash deal to acquire SuperDerivatives, a provider of risk management analytics, financial market data and valuation services.

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Bloomberg returns to Bloomberg

Former New York mayor Michael Bloomberg is returning to lead the financial data and news giant he founded more than 30 years ago.

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Ex-Deutsche Bank exec launches trading game app

A social network app for finance that uses gamification to crowdsource market sentiment data has been launched by former Deutsche Bank executive Kerim Derhalli.

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Finra charges Wedbush Securities with market access violations

Wall Street regulator Finra has charged brokerage Wedbush Securities with systemic market access violations and anti-money laundering and supervisory failures.

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Thomson Reuters adds bitcoin pricing to Eikon

Thomson Reuters has followed market data rival Bloomberg by adding bitcoin prices to its Eikon data service.

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Overstock ponders the possibility of a 'cryptosecurities' exchange

Online retailer Overstock is to explore the potential of using the technology behind bitcoin to create a decentralised exchange trading platform for corporate stocks issued as 'cryptosecurities'.

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CME Group to buy Trayport and Fenics from GFI Group

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.

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Barclays seeks dismissal of NY Attorney General's dark pool lawsuit

Barclays has filed a motion seeking to throw out a lawsuit from the New York Attorney General accusing the bank of deceptively luring unwary investors to a dark pool that was actually being run for the benefit of predatory high-frequency traders.

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FSB moots creation of global utility for fixing FX benchmarks

The Financial Stability Board is canvassing views on the potential to develop a global order matching utility for fixing foreign exchange trades in an effort to clamp down on banks trading ahead of the daily benchmark rates.

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UK watchdog to probe pre- and post-trade market infrastructure

The UK's Financial Conduct Authority is to probe for anti-competitive practices in the pricing and packaging of pre- and post-trade wholesale market infrastructure.

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Bloomberg buys RTS Realtime Systems

Bloomberg has acquired market connectivity and trading technology firm RTS Realtime Systems. Financial terms of the deal were not disclosed.

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Deutsche Bourse launches 'Open Innovation' forum

Deutsche Bourse has launched an 'Open Innovation' forum with the aim of building a community to incubate, develop and accelerate new business ideas coming from outside the group

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First Derivatives creates 484 Northern Ireland jobs

Capital markets tech house First Derivatives will create nearly 500 jobs at its headquarters in Newry, Northern Ireland, after scoring a £3.9 million government grant.

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CME ventures into Mission Impossible territory with investment in Wickr

CME Group has participated in a $30 million funding round for self-destructing messaging app developer Wickr, as the startup bids to move into financial services.

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NY Attorney General files lawsuit over Barclays' 'toxic' dark pool

Barclays Bank has been accused of deceptively luring unwary investors to a private trading venue that was actually being run for the benefit of predatory high-frequency traders.

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LME to spend £1m on tech facelift for open-outcry trading floor

The London Metal Exchange is to spend £1 million on new technology to reinvigorate trading on its 137-year old open-outcry dealing floor.

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Liquidnet fined $2m for misusing dark pool subscriber data

Dark pool operator Liquidnet has agreed to pay $2 million to settle SEC charges that it improperly used confidential trading data from its subscribers.

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SEC chair sets out HFT and dark pool proposals

US Securities and Exchange Commission chair Mary Jo White has laid out her plans to rein in high-frequency traders and improve oversight of dark pools.

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New Canadian exchange Aequitas chooses MillenniumIT for tech platform

A new Canadian stock exchange hoping to take on TMX Group and keep out high-frequency traders has enlisted London Stock Exchange-owned MillenniumIT to build its technology platform.