Latest Trade execution News: Finextra Research

Avox sets up wiki for business entity identifiers

Deutsche Börse reference data subsidiary Avox is to set up a wiki for business entity identifiers in an effort to create a common data standard.

22 June 2009

News/Trade execution

Nyse Euronext pays $200m for 20% stake in Qatar Exchange

Nyse Euronext is paying $200 million to take a 20% stake in the newly formed Qatar Exchange, in a deal that will also see the transatlantic bourse provide the new venture's technology platform.

22 June 2009

News/Trade execution

Markit and CDP to launch climate change investment indices

Financial data outfit Markit is collaborating with the Carbon Disclosure Project to launch a family of investment indices reflecting the financial performance of companies with strong carbon management strategies.

19 June 2009

News/Trade execution

SEC bids to shed light on dark pools

Securities and Exchange Commission (SEC) chief Mary Schapiro says the agency is to step up its scrutiny of dark pools amid concerns about the risks posed to market transparency and integrity by the proliferation of off-exchange trading venues.

19 June 2009

News/Trade execution

Bank of England raises T2S concerns

The Bank of England has raised serious doubts over whether it will join the European Central Bank's Target2-Securities (TS2) integrated settlement system.

18 June 2009

News/Trade execution

Nyse Euronext and DTCC team on fixed income derivatives clearing house

Nyse Euronext and the Depository Trust & Clearing Corporation (DTCC) are teaming up to create a clearing house for US fixed income derivatives.

18 June 2009

News/Trade execution

EuroCCP calls for 'Convention on Interoperability' for clearing counterparties

UK-registered clearing house EuroCCP has called for the adoption of a single standard 'Convention on Interoperability' that all central counterparties should sign, as the European clearing community struggles to implement a raft of bilateral agreements.

17 June 2009

News/Trade execution

Europe braces for MiFID II as regulators assess market impact

The Committee of European Securities Regulators says further regulations may be needed to address some of the unintended consequences arising from the introduction of the Markets in Financial Instruments Directive (MiFID) in 2007.

10 June 2009

News/Trade execution

Turquoise suspends trading after system outage

A system outage early on Wednesday forced bank-backed equity trading venue Turquoise to suspend trading until midday.

10 June 2009

News/Trade execution

Ballista gets funding

Ballista Holdings, operator of an ATS for block options and delta neutral orders, has received funding from a group of investors including the International Securities Exchange, Knight Capital Group, Morgan Stanley and Susquehanna Growth Equity.

09 June 2009

News/Trade execution

Omgeo and EuroCCP to develop central counterparty for hedge fund transactions

Post-trade utility Omgeo and clearing house EuroCCP have launched joint development of a pan-European equities central counterparty (CCP) service for hedge fund transactions.

08 June 2009

News/Trade execution

Bats releases new 'pre-routing display' system in face of Nyse opposition

Bats Exchange has released Bolt (Bats Optional Liquidity Technology), a pre-routing display system designed to give its users an advanced peek at unfilled orders ahead of the wider market, despite opposition from rival exchange Nyse, which has written to the Securities and Exchange Commission calling for a review of the practice.

04 June 2009

News/Trade execution

Nyse launches online community network for listed company executives

The New York Stock Exchange has launched an online community exclusively for executives of Nyse-and Nyse Amex-listed companies.

04 June 2009

News/Trade execution

Turquoise to seek more funding from backers

Consortium-backed European trading venue Turquoise is to tap its investors for a third round of funding as it vows to turn a profit by early next year.

04 June 2009

News/Trade execution

Burgundy back online after outage shuts down trading

Nordic multilateral trading facility Burgundy is back online after being forced to shut down Tuesday because of technical issues with its FIX engine.

03 June 2009

News/Trade execution

ICE Trust backers accused of freezing out rival CME-led clearing house

Major derivatives dealers have been accused of "filibustering" to protect their ogilopoly by withholding support from buy-side-friendly rivals to the InterContinental Exchange's credit default swaps clearing house.

02 June 2009

News/Trade execution

Plus and London Stock Exchange settle AIM dispute

Plus Markets has dropped its legal action over restrictions on trading in stocks listed on the junior AIM market, after reaching an out-of-court settlement with the London Stock Exchange.

29 May 2009

News/Trade execution

LCH.Clearnet to extend SwapClear to hedge funds and asset managers

LCH.Clearnet is moving to meet regulatory demands for improved risk management in the over-the-counter derivatives markets by extending its interest rate swap clearing service, SwapClear, to the broader buy-side trading community.

27 May 2009

News/Trade execution

Tokyo Commodity Exchange CEO takes pay hit over trading outage

The president and CEO of the Tokyo Commodity Exchange (Tocom), Masaaki Nangaku, has voluntarily taken a 10% hit on his pay for the month following the system outage which recently forced a suspension of trading.

27 May 2009

News/Trade execution

Chi-X Europe dark pool launches

Multilateral trading facility Chi-X Europe has launched its dark liquidity pool, Chi-Delta.

26 May 2009