Trade execution

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/Trade execution

Nasdaq OMX blames software bug for outage

Nasdaq OMX says that last week's three hour outage was caused by a software flaw triggered by a flood of messages from rival Nyse Arca.

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Three charged over trading code theft

New York prosecutors have charged two men with stealing trading code and data from their former employer, Flow Traders, and e-mailing it to themselves.

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Trading disruption at Eurex adds to fears over market resilience

Trading on the Eurex derivatives exchange was halted for 60 minutes on Monday due to a technical error, the latest in a series of glitches to hit exchange operators worldwide.

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Bats and Direct Edge agree merger

US exchange operators Bats Global Markets and Direct Edge have agreed a merger deal. Financial terms have not been disclosed.

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SEC promises swift action after trading glitch hits Nasdaq OMX

The US Securities and Exchange Commission is to convene a meeting of exchange heads and other market participants after a technical breakdown forced Nasdaq OMX to suspend trading for three hours Thursday.

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ICE calls in banks for Euronext IPO

IntercontinentalExchange has called in three banks to help float the European equity operations of Nyse Euronext, according to Reuters.

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Bloomberg vows to increase oversight in wake of client data privacy probe

Bloomberg has been told to put in place stronger barriers between its news and financial data units to prevent reporters accessing client information.

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Goldman faces losses over trading system glitch

A computer error at Goldman Sachs saw a wave of erroneous options orders sent out to American exchanges yesterday, and could cost the bank up to $100 million.

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Computer glitch causes Shanghai trading chaos

A computer error at China Everbright Securities has been blamed for a flash rally in China's equity market on Friday.

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PE firms buy stakes in Bats

Private equity firms Spectrum Equity and TA Associates have both bought minority stakes in Bats Global Markets from Lehman Brothers Holdings. Financial terms have not been disclosed.

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Hirander Misra unveils derivatives exchange group

Chi-X Europe co-founder and one-time COO Hirander Misra is setting up a new derivatives exchange group in London.

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Bob Diamond in talks to buy stake in Aquis Exchange - FT

Bob Diamond, the controversial former Barclays chief, is in talks about buying a stake in Aquis Exchange, the new pan-European equities trading market being set up by Alasdair Hayne, according to the Financial Times.

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Warsaw Stock Exchange in talks to buy stake in Haynes' Aquis platform

The Warsaw Stock Exchange says that it is in talks about buying a 30% stake in Aquis Exchange, the UK-based start-up hoping to open a pan-European equities trading market.

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Bats exchange hit by outage

Bats Global Markets was forced to shut down its largest US exchange for nearly an hour yesterday because of an internal network issue.

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UBS veteran Robert Barnes named Turquoise CEO

The London Stock Exchange has tapped UBS veteran Robert Barnes as chief executive of its pan-European MTF, Turquoise.

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CME Group told to improve surveillance

CME Group's procedures for monitoring Exchange for Related Position (EFRP) transactions are "inadequate" and should be beefed up quickly, says the Commodity Futures Trading Commission,

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LSE wins tech deal with Argentinian CSD

The London Stock Exchange will provide technology and business development help to Argentinian CSD Caja de Valores (CVSA) under a deal designed to boost the South American country's capital markets.

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Capital markets participants bullish on social media data

In a poll of 50 buy- and sell-side professional conducted by OneMarketData, more than half viewed social media data as a good opportunity to capture alpha on a daily basis.

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MPs call for financial transaction tax on high frequency traders

A UK parliamentary committee has called on the government to investigate the viability of imposing a financial transaction tax on the profits made by high frequency traders operating in London markets.

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Mizuho fails in legal bid to claw back over 40 billion yen in fat finger trading losses

The Tokyo High Court has upheld a lower court ruling ordering the Tokyo Stock Exchange to pay 10.7 billion yen to Mizuho Securities over a botched trade in 2005 that cost the Japanese broker 40 billion yen in trading losses.