2045 articles tagged with this keyword
News/Trade execution
Chicago-based CCorp (the Clearing Corporation) has moved to quell rumours that its plans for developing a central counterparty for credit risk has faltered, and has pledged to launch the new facility by the end of the year.
29 September 2008
Transatlantic exchange operator Nasdaq OMX says trading has begun on its new MiFID-compliant pan-European trading and routing facility.
26 September 2008
A surge in trading volumes after the US Securities and Exchange Commission (SEC) banned short selling last week caused glitches on electronic platforms that cancelled thousands of trades, according to a Wall Street Journal (WSJ) report.
25 September 2008
The London Stock Exchange (LSE) has confirmed plans to allow Swiss central counterparty SIS x-clear to join LCH.Clearnet as a competitive provider of clearing services on its equity market.
24 September 2008
Stockholm-based Cinnober has won a deal to provide the platform for Burgundy, the multilateral trading facility (MTF) being established by a group of the largest banks and brokers in Sweden.
Chi-X, Turquoise and Nasdaq OMX have joined an informal working group formed by Plus Markets to explore alternative market data and price reporting services to those provided by the London Stock Exchange (LSE).
23 September 2008
Derivatives exchange operator CME Group has joined the Linux Foundation, with its associate director Vinod Kutty taking on the chair of the organisation's end user council.
Transatlantic exchange Nasdaq OMX has disclosed plans to establish a listings venue in London, just days ahead of the launch of its MiFID-compliant pan-European multilateral trading facility.
22 September 2008
Plus Markets, the quote-driven trading system for AIM-listed stocks, has filed an action in the High Court claiming an LSE trade reporting rule is "anti-competitive".
19 September 2008
The purchase of Lehman Brothers' North American investment banking business by UK bank Barclays will include most of the defunct institution's technology, according to early reports.
18 September 2008
Technology rather than headcount is the basis for managing risk in the clearing and settlement of equity trades, according to an executive with alternative trading platform Chi-X
The largest clearing house in Europe, LCH.Clearnet, has selected Tata Consultancy Services (TCS) Financial Solutions Bancs product as the underlying system for its multi-asset derivatives clearing platform.
Software house Autonomy is pitching for business from firms looking to comply with upcoming Financial Services Authority (FSA) regulations requiring them to record and store telephone conversations and electronic communications relating to client orders.
17 September 2008
The London Stock Exchange maintains that its Baikal dark pool project remains "a sound business proposition" despite the bankruptcy protection filing by partner Lehman Brothers.
15 September 2008
More than 80 formal applications have been made by clearing and settlement houses for interoperability and mutual access in accordance with the European Commission's voluntary code of conduct, but none has gone live.
12 September 2008
CME Group is planning to withdraw from FXMarketSpace, the centrally-cleared foreign exchange marketplace it established with Thomson Reuters, according to a press report.
European think tank Eurofi has called on the European Commission to institute tougher enforcement of settlement harmonisation and consolidation programmes aimed at cutting costs of cross-border post-trade services across the EU.
11 September 2008
The London Stock Exchange suspended trading for the best part of Monday after being hit by a computer glitch amid frenzied dealing following the overnight bail-out of Freddie Mac and Fannie Mae by the US Government.
08 September 2008
Bank of China International (BOCI) has signed for Massachusetts-based Progress Software's algorithmic trading platform, Apama.
Nasdaq OMX has won approval from the Financial Services Authority to commence trading as a Multilateral Trading Facility on 26 September. The platform is set to face fresh competition from a new MTF being launched by pan-European rival Nyse Euronext, codenamed Octopus.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.