Trade execution

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Nasdaq suffers data feed glitch

A technical glitch saw Nasdaq-listed stock prices and index levels freeze for around 15 minutes yesterday.

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That was the year that was

As Finextra pulls the shutters down on 2012, we take a look back at our most popular news stories, videos, features and blogs over the course of the past year. The site will re-open for business on 2 January 2013.

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European Commission approves revised RICs licensing from Thomson Reuters

The European Commission has approved new licensing proposals from Thomson Reuters for the use of Reuters Instrument Codes (RICs), ending a prolonged anti-trust investigation.

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ICE to acquire Nyse Euronext for $8.2bn; LSE/LCH.Clearnet talks rumble on

IntercontinentalExchange (ICE) has agreed an $8.2 billion deal to acquire Nyse Euronext in a stock-and-cash transaction.

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Getco emerges as victor in Knight Capital bid battle

Getco has emerged as the winner in a two-way bidding war to take over Knight Capital, beating out rival Virtu with an improved £1.2 billion cash and shares offer.

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Nasdaq forced to cancel trades

Nasdaq OMX was forced to cancel pre-market trades in nine stocks, including Citi and Goldman Sachs, yesterday after they caused huge price swings.

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Oz regulator chooses First Derivatives market surveillance system

The Australian Securities and Investment Commission (Asic) has selected First Derivatives to design, build and host a new market surveillance system.

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Nasdaq OMX signs Bursa Malaysia to tech; agrees to buy Thomson Reuters' PR and IR units

Bursa Malaysia has selected Nasdaq OMX's X-Stream Inet technology to power its securities market trading.

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Nasdaq OMX buys 25% stake in Dutch MTF TOM

Nasdaq OMX has acquired a 25% stake in Dutch MTF The Order Machine (TOM) as it bids to build up its European equity derivatives business.

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Nasdaq blames human error for botched WhiteHorse IPO

Nasdaq OMX insists that human error, rather than technology, was behind its latest botched initial public offering (IPO).

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Getco makes Knight Capital bid

High Frequency trading firm Getco has made a $3.50 a share offer for Knight Capital Group, which it helped rescue from bankruptcy over the summer.

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Former exchange execs lay down plans for EU consolidated tape

Graham Dick, former head of business development at Chi-X Europe and Mark Schaedel former global head of market data at Nyse Euronext, have called on EU equity market practitioners to get behind their plans for the delivery of an industry-led pan-European consolidated tape.

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FIX Protocol develops standards for European consolidated tape

In a move billed by the standards-setting body as a key milestone in the development of an EU-wide consolidated tape, Fix Protocol Limited has released a set of standards for the consolidation of trade reports and market data for European equity markets.

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UBS fined £29.7 million by FSA over rogue trading incident

The UK's Financial Services Authority has fined UBS £29.7 million for serious failings that allowed rogue trader Kweku Adoboli to rack up £1.4 billion in losses from unauthorised trading.

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Australia plans 'kill switches' to curb HFT risks

In a bid to curb high-frequency trading, Australia has unveiled plans for the introduction of 'kill switches' as part of a wider package of new market integrity rules.

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UBS 'rogue trader' Adoboli found guilty of fraud

Kweku Adoboli, the UBS trader accused of running up £1.4 billion of losses in unauthorised trading at Swiss bank UBS, has been jailed for seven years after being found guilty of two counts of fraud.

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E*Trade to close UK business - WSJ

E*Trade Financial is planning to close its UK brokerage business and focus on the US, according to the Wall Street Journal.

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Orc offloads Neonet to management and Hay Tor Capital

The management of Swedish agency broker and systems supplier Neonet has teamed up with Hay Tor Capital and Kas Bank to buy the business from Nordic Capital.

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Institutional investors feel ignored over MiFID II plans

The vast majority of buy-side firms feel that institutional investors have had no meaningful influence on the legislative process building up to new MiFID II rules, according to a Greenwich Associates survey.

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Caplin unveils HTML5 Web trading offering

Caplin Systems has launched what it claims is the world's first production-ready Web trading tool built entirely on the HTML5 standard, enabling it to work across all mobile devices.