Latest Trade execution News: Finextra Research

FSA looks into high-frequency trading and dark pools

The Financial Services Authority (FSA) is examining the impact of high-frequency trading and the use of dark pools on the UK equity market.

04 August 2009

News/Trade execution

Nyse Euronext looks to sell stakes in US derivatives units - report

Nyse Euronext is in talks with banks about selling equity stakes in its US derivatives platforms in a bid to spread costs and increase trading volume, according to Dow Jones Newswires.

31 July 2009

News/Trade execution

Nyse Euronext swings to loss on LCH.Clearnet payment; plans tech job cuts

Nyse Euronext has swung to a net loss of $182 million for the second quarter - mainly due to a $355 million severance payment made to LCH.Clearnet - and warned of impending job cuts for technology staff.

30 July 2009

News/Trade execution

Data compression firm files patent infringement suits against banks and exchanges

A US firm specialising in data compression has filed lawsuits against a host of investment banks, stock exchanges and financial news and data outfits, accusing them of patent infringement.

29 July 2009

News/Trade execution

CME Group hires ex-LCH.Clearnet boss to lead European clearing

Chicago-based derivatives exchange operator CME Group has hired former LCH.Clearnet boss Andrew Lamb to head up its planned European clearing venture.

28 July 2009

News/Trade execution

Tocom offers virtual trading in bid to establish confidence in new platform

The Tokyo Commodity Exchange is set to launch a virtual trading environment, Tocom-V Trade, in a bid to help users get a feel for the bourse's new Nasdaq OMX technology-based platform.

28 July 2009

News/Trade execution

US senator calls for 'flash' orders ban

US Senator Charles Schumer has called on the Securities and Exchanges Commission (SEC) to ban "flash" trades, where users are given an advanced peek at unfilled orders ahead of the wider market.

27 July 2009

News/Trade execution

Eurex sets launch date for CDS counterparty

Swiss-German derivatives exchange Eurex says it will launch a European counterparty clearing system for credit default swaps at the end of the month.

24 July 2009

News/Trade execution

Global exchanges vie for Polish bourse

Deutsche Boerse, London Stock Exchange, Nasdaq and Nyse Euronext have lined up as possible buyers of the state-controlled Warsaw Bourse.

23 July 2009

News/Trade execution

ICE Trust sets out plans for buy-side participation in CDS clearing

IntercontinentalExchange (ICE) says it will introduce a solution that will enable buy-side participation in credit default swap clearing by October.

23 July 2009

News/Trade execution

Equinix buys Frankfurt data centre as demand from financial firms builds

Equinix has acquired a data centre in Frankfurt and outlined plans to expand one of its New York sites on the back of strong demand from financial services firms.

23 July 2009

News/Trade execution

Algo revival powers surge in electronic trading volumes

A surge in algorithmic trading helped drive a significant increase in the share of US equity trading volumes executed via electronic platforms last year, according to the results of Greenwich Associates' 2009 US Equity Investors Study.

21 July 2009

News/Trade execution

Citadel takes majority stake in Equiduct

US hedge fund Citadel Investment Group is taking a majority stake in Equiduct, the European multi-lateral trading facility operated by Borse Berlin.

21 July 2009

News/Trade execution

Nasdaq OMX president Magnus Bocker quits for SGX role

Nasdaq OMX president Magnus Bocker is quitting the market operator to take over as chief executive officer of the Singapore Exchange.

20 July 2009

News/Trade execution

MiFID helps cut share trading costs - study

The introduction of the Markets in Financial Instruments Directive (MiFID) has helped to significantly reduce the cost of share trading by transaction in the last couple of years. However, in terms of value of trading, costs have actually increased in five major centres, according to a study commissioned by the EC.

17 July 2009

News/Trade execution

LSE expects fall in data revenue

The London Stock Exchange says revenue from its Information & Technology Services division delivered a "good" first quarter performance, despite a reduction in real-time data revenue.

17 July 2009

News/Trade execution

LCH.Clearnet rebuff's Icap-led takeover approach - Reuters

LCH.Clearnet last month rejected a takeover offer from an Icap-led consortium due to concerns about the business plan, according to a report from Reuters citing "two people familiar with the matter".

15 July 2009

News/Trade execution

Delhi Stock Exchange to resume operations using IBM on-demand tech model

The Delhi Stock Exchange is to resume operations following a six-year hiatus after signing a 10-year pay-as-you-go IT services deal with IBM.

15 July 2009

News/Trade execution

Iosco publishes exchange outsourcing guidelines

The International Organisation of Securities Commission (Iosco) has published a set of principles designed to assist exchange operators and regulators when considering outsourcing arrangements.

13 July 2009

News/Trade execution

SmartPool signs up members

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan says 14 investment firms have now signed up to the platform.

13 July 2009