Latest Trade execution News: Finextra Research

Big Blue scores with Friends Provident and the Chilean Stock Exchange

UK life and pensions outfit Friends Provident has inked a 10 year, £200 million, IT and infrastructure services outsourcing deal with IBM.

10 December 2008

News/Trade execution

Instinet execution data shows 'MTF effect' on European share trading

The success of new alternative European trading venues in winning business away from incumbent domestic exchanges has been demonstrated in the latest batch of execution figures released by Instinet Europe covering the 12 months since the introduction of the Markets in Financial Instruments Directive (MiFID).

10 December 2008

News/Trade execution

JSE wins support for revised Bond Exchange tender

The Johannesburg Stock Exchange has reached agreement to buy the Bond Exchange of South Africa after raising its initial offer price by 39% from R173 million to R240.58 million.

10 December 2008

News/Trade execution

Cantor speculates on box office entertainment

Cantor Fitzgerald has filed an application with regulators to launch an exchange that will allow users to hedge and speculate on the financial performance of movies.

08 December 2008

News/Trade execution

Investment managers call for urgent UK reform following Lehman 'chaos'

The UK's Investment Manager's Association has called for urgent reform of stock trading and settlement rules after the 'chaos' inflicted on the markets by an escalation in failed trades following the overnight collapse of Lehman Brothers.

08 December 2008

News/Trade execution

Icap hires Daemon Bear to head dark pool MTF for stock trading

Interdealer broker Icap is planning to launch an alternative stock trading platform in the second half of 2009, according to Bloomberg.

05 December 2008

News/Trade execution

Markit releases MiFID fragmentation analysis

Financial information outfit Markit has combined with eleven top dealers to provide a consolidated source of aggregated data on market activity and liqudity across fragmenting European trading destinations.

04 December 2008

News/Trade execution

London Stock Exchange set to oust Nasdaq OMX in Norway

The London Stock Exchange has executed a daring raid on the 'home' turf of Nasdaq OMX, after signing a letter of intent with Oslo Børs to establish a strategic partnership and provide a new trading system.

04 December 2008

News/Trade execution

Buy side shys away from block crossing as volatility increases - Tabb

Market volatility is forcing US equity trader to change their execution strategies, contributing to a marked decline in block trading over crossing networks, notes a new report from analyst group Tabb.

03 December 2008

News/Trade execution

UBS to switch clearing to SIS X-Clear

UBS is set to become the first London Stock Exchange client to switch its clearing from incumbent provider LCH.Clearnet to Switzerland's X-Clear, under a new competitive clearing regime introduced by the LSE in September.

03 December 2008

News/Trade execution

Liquidnet postpones IPO

Buy-side trading network Liquidnet has shelved plans to go public until 2010 due to poor market conditions.

02 December 2008

News/Trade execution

UK competition watchdog refrains from intervention in clearing

The UK's Office of Fair Trading has decided not to take any further action in the market for derivatives clearing, after inviting views earlier this year.

02 December 2008

News/Trade execution

Turquoise to tap new investors

Alternative share trading platform Turquoise is looking for fresh funding from new investors just two months after launch.

01 December 2008

News/Trade execution

Finexpo to highlight new trends in risk and transaction management

The Finexpo - Risk & Transaction Management conference and exhibition has opened for registration. The event, on Thursday 5 February at The Brewery in London, will focus on the latest developments in risk management approaches, regulatory frameworks, data and transaction management solutions and clearing and settlement infrastructures.

28 November 2008

News/Trade execution

Citi restructuring claims electronic trading head Richard Evans

Richard Evans, Citigroup's global head of electronic trading has been made redundant in the latest round of restructuring at the struggling US bank.

28 November 2008

News/Trade execution

UBS launches Malaysian DMA as exchange prepares new trading platform

UBS has launched direct market access (DMA) on Bursa Malaysia, and rolled out its proprietary execution management system, UBS Sapphire, as the exchange prepares to switch to its new cash equities trading platform on Monday.

28 November 2008

News/Trade execution

Omgeo partners with Korean Securities Depository

The Korean Securities Depository is to partner with post-trade utility Omgeo to offer a service bureau for automated trade matching and processing for local investment houses dealing in overseas markets.

27 November 2008

News/Trade execution

Nasdaq OMX selected to establish UK power market

Nasdaq OMX has been chosen by the Futures & Options Association (FOA) to set up a UK spot and cash-settled derivatives power exchange.

27 November 2008

News/Trade execution

Asset managers call for consolidated tape as MiFID rule changes hit data quality

The UK Investment Management Association (IMA) says the quality of information relating to best execution in UK equities has deteriorated since the introduction of the Markets in Financial Instruments Directive (MiFID) last year.

25 November 2008

News/Trade execution

Nyse Arca to partner with Liquidnet: Knight to launch European dark pool

Nyse Arca is to add liquidity to buy-side block crossing network Liquidnet, as traditional exchanges and dark pools trend towards convergence strategies.

25 November 2008