Trade execution

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Deutsche Bourse IT reshuffle continues as Keller named CIO

The ongoing restructuring of IT responsibilities at Deutsche Börse continues as the German exchange names Swiss-born IT engineer Rene Keller from Information Mosaic as its new Chief Information Officer.

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UK bitcoin exchange opens

Coinfloor, a London-based bitcoin exchange bidding to build a market for high-frequency trading in the virtual currency, has opened its doors.

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Nyse Technologies bosses to leave - FT

Nyse Technologies CEO Jon Robson and COO Terry Roche are set to leave the firm once parent company Nyse Euronext closes its $10 billion sale to IntercontinentalExchange, according to the Financial Times.

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Europe nears agreement on HFT rules

The European Parliament has hammered out a preliminary deal with EU member states on how to regulate high-frequency trading.

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Knight Capital reaches $12m SEC settlement over IT meltdown

Knight Capital has reached a $12 million settlement with US regulators over a technology meltdown which caused market chaos and drove the firm to the brink of bankruptcy.

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Royal Mail share scramble knocks out Hargreaves Lansdown site

Investors were left frustrated this morning when the online and phone systems of broker Hargreaves Lansdown failed to hold up under the weight of traffic prompted by the Royal Mail market debut.

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Deutsche Börse CTO and Clearstream CIO Baguet quits

Yves Baguet is quitting his roles as Deutsche Börse chief technology officer and Clearstream CIO, and will be replaced by company man Richard Green.

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Digital currency trading platform Kraken inks EU deal with Fidor Bank

Payward, the US firm behind digital currency exchange Kraken, has set its eyes on the European market through an exclusive partnership with Germany's Fidor Bank.

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SEC preps public Web site for HFT data and research

The Securities and Exchange Commission is launching a public Web site packed with reams of the kind of data, research and analysis used by HFT traders in a bid to "transform the debate on market structure".

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Algo trading start-up Quantopian secures $6.7 million funding round

Browser-based algorithmic trading start-up Quantopian has secured $6.7M in Series A financing from Khosla Ventures and existing investor Spark Capital.

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CameronTec agrees Greenline acquisition

Sweden's CameronTec has signed a definitive agreement to buy US FIX and electronic trading tech specialist Greenline Financial Technologies from MarketAxess. Financial terms were not disclosed.

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Citi translates electronic FX trading activity into charity dollars

Citi's latest philanthropic effort will see the bank hand over money to education-related non-profits based on foreign exchange trading volumes on its Velocity electronic platform.

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Stock market simulation app maker MyHero raises $10m

MyHero, the Singapore-based outfit behind a mobile stock market simulation app, has raised US$10 million in series a funding from Kleiner Perkins Caufield Byers China fund and IPV Capital.

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New York attorney general goes after HFT cheats

New York's attorney general has vowed to tackle the shadier side of high-frequency trading, setting up a confidential hotline for whistle-blowers to report what he calls 'insider trading 2.0'.

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Music stock exchange launches

A Nashville-based publishing firm is launching a music stock exchange, offering investors the chance to buy stock in songs and get a cut of royalties.

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US exchanges to deploy 'kill switches' in the wake of Nasdaq fall-over

US exchanges have agreed to implement 'kill switches' to shut down trading in the event of a technological failure.

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US regulator proposes further curbs on high-speed trading

The US Commodity Futures Trading Commission is seeking public comment on further proposals to curb high-speed derivatives trading.

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Nyse Euronext takes stake in private placement start-up ACE

Nyse Euronext has acquired a minority stake in ACE as it bids to enter the market for private placement of securities.

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China extends probe into brokerage IT after Everbright reports $85.5 million loss due to glitch

China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.

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Nasdaq moves to strengthen SIP after second outage

Nasdaq has outlined a series of steps to improve the resilience of the Securities Information Processor following a second brief outage just weeks after a malfunction in the market data feed forced the exchange to shut down for three hours.