Latest Trade execution News: Finextra Research

SecFinex signs with SIS x-clear for securities lending CCP

Nyse Euronext subsidiary SecFinex has commissioned SIS x-clear to develop a central counterparty service for stock borrowing and lending across the SecFinex Order Market.

25 November 2008

News/Trade execution

Eurex and Clearstream to introduce CCP for securities lending

Deutsche Börse Group subsidiaries Eurex Clearing and Clearstream Banking Luxembourg have announced plans to introduce a central counterparty service (CCP) for securities lending in Q2 2009.

24 November 2008

News/Trade execution

Euroclear to acquire Xtrackter

European depository Euroclear is to acquire Xtrakter, the capital markets services division of trade association ICMA.

20 November 2008

News/Trade execution

Plus Markets and Direct Edge sign TransAtlantic co-operation pact

UK small and mid-cap exchange Plus Markets is to partner with the US-based Direct Edge ECN to explore strategic opportunities for the listing and trading of stocks in US, UK and EU markets.

19 November 2008

News/Trade execution

FfastFill raises £1 million; losses widen

Screen dealing technology vendor FfastFill has raised £1 million from a placing of 15.4 million shares at six-and-half pence per share.

19 November 2008

News/Trade execution

Interactive Data looks for growth in Japan with NTT Data stake

Interactive Data is to acquire a majority 64% stake in Tokyo-based reference data outfit NTT Data Financial (NDF) from NTT Data Corp for $20.2 million.

19 November 2008

News/Trade execution

Chi-X acquires exchange technology specialist Cicada

Electronic trading platform Chi-X has acquired dealing technology outfit Cicada, with the aim of creating a new exchange services business unit.

18 November 2008

News/Trade execution

Fixnetix bags Credit Suisse hosted trading deal

Credit Suisse is to use technology from Fixnetix to offer hosted low-latency trading support and ultra-fast direct market access to users of its Advanced Execution Services business.

17 November 2008

News/Trade execution

US regulators sign CDS counterparty clearing MoU

US regulatory agencies have signed a memorandum of understanding to jointly guide the development of central counterparty clearing arrangements for the credit default swaps market.

14 November 2008

News/Trade execution

Finextra hits three million milestone

Monthly page views on the Finextra Research online Website broke the three million barrier for the first time in October, cementing the site's position as the market-leading information resource and community platform for financial technology professionals worldwide.

14 November 2008

News/Trade execution

ICE makes space for employee networking

Fast-growing US market operator IntercontinentalExchange (ICE) has launched an internal social networking site to enable staff to communicate with colleagues and find information.

14 November 2008

News/Trade execution

BNY ConvergEx unveils European smart order router

BNY ConvergEx has unveiled a new global smart order routing platform in response to the growth of new liquidity pools and multilateral trading facilities (MTFs) within Europe.

13 November 2008

News/Trade execution

London Stock Exchange takes Lehman charge and sets back Baikal launch

Shares in the London Stock Exchange dropped by more than ten per cent after the UK market operator cancelled its share buy-back programme and warned of "extraordinarily difficult" market conditions.

13 November 2008

News/Trade execution

LSE brings Italian equities onto TradElect

The London Stock Exchange has completed the migration of Italian equities onto the TradElect platform, creating Europe's deepest pool of liquidity.

11 November 2008

News/Trade execution

Swiss Exchange to close SWX Europe with the loss of 40 jobs

In a move that marks the end of a seven-year presence as a recognised investment exchange in London for the Swiss group, SIX Swiss Exchange will close SWX Europe and reunify share trading in Zurich by mid-2009 in an effort to streamline operations and cut costs.

11 November 2008

News/Trade execution

Ballista begins trading as ATS

New York-based broker-dealer Ballista Securities has begun live trading on its alternative trading system (ATS) for block options and delta neutral orders.

10 November 2008

News/Trade execution

Tbricks gets EUR4m funding for European and US expansion

Swedish automated trading software outfit Tbricks has raised EUR4 million from investors led by London-based venture capital firm DN Capital, which will be used to expand into Europe and the US.

10 November 2008

News/Trade execution

BT extends Radianz Ultra Access to Chicago

BT has extended its low latency connectivity offering, Radianz Ultra Access, into Chicago.

10 November 2008

News/Trade execution

Turquoise exceeds forecasts with five per cent share

Bank-backed trading network Turquoise claims to have hit its year-end forecasts two months early by achieving five per cent market share in the 310 stocks traded across its platform.

10 November 2008

News/Trade execution

Vienna Stock Exchange to take over Prague bourse

The Vienna Stock Exchange has acquired a 92.4% stake in the Prague Stock Exchange, seeing off an unwelcome approach from rival suitor the Warsaw Stock Exchange.

07 November 2008