Latest Trade execution News: Finextra Research

MiFID II reforms to limit dark pool trading

EU member states have agreed a series of reforms to the markets in Financial Instruments Directive (MiFID II) aimed at enhancing transparency levels and limiting the growth of dark pool trading.

17 June 2013

News/Trade execution

Progress to sell Apama to Software AG

Progress Software has agreed to sell its Apama complex event processing (CEP) platform to Swiss vendor Software AG. Financial terms of the deal were not disclosed.

13 June 2013

News/Trade execution

Dark pool trading costing US investors billions - study

The effects of order segmentation by dark venues are damaging overall price discovery and market quality, and costing US investors billions of dollars, according to a study by Sydney-based Capital Markets Cooperative Research Centre (CMCRC).

07 June 2013

News/Trade execution

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013

News/Trade execution

Gores Group acquires Orange Business Services - Trading Solutions

France Telecom-Orange has sold its trading communications business to US private equity operator Gores Group and management for an undisclosed amount.

03 June 2013

News/Trade execution

Nasdaq OMX hit with record $10m fine over Facebook IPO fiasco

The Securities and Exchange Commission (SEC) has fined Nasdaq OMX a record $10 million over its botched handling of the Facebook initial public offering (IPO) last year.

30 May 2013

News/Trade execution

Osaka Securities Exchange heads fined over systems outage; ASX rapped for comms breakdown

The president and managing director of Osaka Securities Exchange have had their pay docked in recompence for a four-hour shut down of the J-Gate derivatives trading system in March.

23 May 2013

News/Trade execution

LSE poaches SunGard's Mack Gill to head up MillenniumIT

The London Stock Exchange has hired SunGard's John Mackay ('Mack') Gill to serve as chief executive of its technology subsidiary MillenniumIT.

22 May 2013

News/Trade execution

Temasek acquires 10% stake in Markit

Temasek, Singapore's state-owned investment company, has acquired a 10% stake in financial data firm Markit for $500 million.

22 May 2013

News/Trade execution

Buy side spending on execution and order management systems rising year-on-year

Institutional investors spend between $1.5 billion and $2 billion per year on order management and execution management systems for their trading desks - a growing amount due to increased demands for compliance tools and the need to keep pace with rapid changes in market structure.

20 May 2013

News/Trade execution

Bloomberg hires former IBM chief Palmisiano to conduct data privacy probe

Bloomberg has hired former IBM chairman and CEO Sam Palmisiano as an independent advisor to review privacy and data standards practices at the company.

20 May 2013

News/Trade execution

JPMorgan Chase demands access to Bloomberg logs

JPMorgan Chase lawyers have demanded that Bloomberg hand over five years of internal staff logs, in another sign of disquiet among financial firms over the extent of a snooping scandal at the market data vendor.

16 May 2013

News/Trade execution

AMF issues RFI for central securities data repository

The Autorité des marchés financiers (AMF), the regulatory and oversight body for Québec's financial sector, has issued a Request for Information (RFI) for potential suppliers to tender for the creation of a new Market Analysis Platform (MAP).

16 May 2013

News/Trade execution

IPC launches app development partner programme

IPC Systems has unveiled a vendor and customer app development partner programme for its Unigy trading communications platform.

14 May 2013

News/Trade execution

Wall Street propeller-heads make way for new generation of data scientists

Rocket scientists on Wall Street are set to be usurped by a new generation of 'data scientists', as investment banks combine new analytical approaches with the arrival of torrents of Big Data to transform their trading strategies, according to a new paper from BNY Mellon.

10 May 2013

News/Trade execution

Wikipedia page views can predict markets - study

How often a company's Wikipedia page is viewed could help predict movements in its stock price, a newly published academic paper suggests.

09 May 2013

News/Trade execution

Deutsche Börse creates IT and market data unit

Deutsche Börse has merged its market data and analytics unit with external technology and connectivity services as it bids to boost its IT-related sales.

07 May 2013

News/Trade execution

CME Group vows to tackle loophole being tapped by HFT firms

CME Group says that it is working to close the time gap that sometimes exists between customers receiving trade confirmations and the information appearing in public data feeds after the Wall Street Journal reported that high-speed traders are exploiting the lag.

01 May 2013

News/Trade execution

Court backs exchanges in market data pricing case

A US appeals court has ruled in favour of Nyse Euronext and Nasdaq OMX in their battle with Internet and securities industry associations over market data fees.

01 May 2013

News/Trade execution

LME terminates lucrative Xchanging contract

Xchanging has lost a £25 million per annum infrastructure servicing contract with the London Metal Exchange as the LME's new owners call time on a profitable eight-year relationship for the BPO provider.

30 April 2013