Latest Trade execution News: Finextra Research

Nasdaq OMX bags derivatives contracts in South Africa and Columbia

Nasdaq OMX is celebrating two significant contracts in the international derivatives markets, specifying the provision of a Central Clearing Counterparty in South Africa, and a trading engine for a new exchange in Columbia.

04 September 2008

News/Trade execution

Nasdaq OMX sets pricing for European platform

Nasdaq OMX has outlined the pricing structure for its new pan-European multilateral trading facility (MTF) which will - in the majority of cases - make it less expensive to route orders through the platform than to trade on the primary markets.

03 September 2008

News/Trade execution

Zealous sells trading platform; eyes adult entertainment industry

In a sharp change of direction, California-based Zealous Trading Group is selling off its Zats alternative trading platform and moving into the adult entertainment business.

02 September 2008

News/Trade execution

Turquoise hit by technical glitch

Just weeks into its phased launch, trading on MiFID-compliant equities trading facility Turquoise has been disrupted by technical glitches.

02 September 2008

News/Trade execution

LSE introduces proximity service

The London Stock Exchange (LSE) is introducing a hosting service that will provide high-frequency algorithmic trading firms with low latency access to its TradElect and Infolect systems.

01 September 2008

News/Trade execution

Nasdaq OMX teams with Citi on pan-European order routing

Nasdaq OMX has inked a deal with Citi that will see the bank provide electronic routing of orders from its new pan-European platform to other exchanges and venues across the region.

01 September 2008

News/Trade execution

LSE hires Self as dark pool launch nears

The London Stock Exchange (LSE) has recruited Kiri Self - former head of operations at Nyfix International - to advise on post trade issues relating to Baikal, the dark pool it is establishing with Lehman Brothers.

29 August 2008

News/Trade execution

Deutsche Börse slashes algo trading fees

Deutsche Börse is following the example of other incumbent exchanges by cutting algorithmic trading fees on its Xetra platform in a bid to fend off competition from rival bourses and alternative trading systems (ATS).

26 August 2008

News/Trade execution

New post-trade rules proposed to remove barriers to cross-border trading

An advisory group has put forward recommendations for breaking down legal barriers to the cross-border holding and settlement of securities in the European Union, including proposals to enable issuers to choose which central securities depository they want to use.

22 August 2008

News/Trade execution

Nyse Euronext gears up for futures launch

Transatlantic exchange Nyse Euronext is to launch a new US futures exchange in September after the Commodity and Futures Trading Commission (CFTC) approved its application to become a designated contract market (DCM).

22 August 2008

News/Trade execution

More upstart exchanges set to enter crowded post-MiFID market

Up to three new alternative equity trading systems are gearing up to launch in the European market, in addition to ventures such as Chi-X, Turquoise and Equiduct, according to a Financial Times report.

21 August 2008

News/Trade execution

Bats secures exchange status

Kansas-based ECN operator Bats Trading has received approval from the US Securities and Exchange Commission (SEC) to operate as a registered national securities exchange.

19 August 2008

News/Trade execution

Turquoise goes live

Turquoise, the bank-backed MiFID-compliant equities trading facility established by nine investment banks, has finally gone live.

15 August 2008

News/Trade execution

Nasdaq OMX gears up for European launch

Transatlantic exchange Nasdaq OMX is gearing up to launch a new data centre in London to support its forthcoming pan-European trading and routing facility.

15 August 2008

News/Trade execution

Equiduct revises pricing to reward liquidity providers

New multi-lateral trading facility Borse Berlin Equiduct has revised its pricing structure ahead of its forthcoming launch in an effort to reward users for bringing liquidity to the platform.

14 August 2008

News/Trade execution

Investors in the dark about dark pools

Many institutional investors have misgivings about the actual levels of anonymity and liquidity provided by broker/dealer and exchange-operated dark pools, according to new research released by Greenwich Associates (GA) which found varying policies and practices among providers.

14 August 2008

News/Trade execution

EuroCCP and Turquoise gear up for Friday launch

European Central Counterparty Limited (EuroCCP) - the pan-European arm of US depository DTCC - is expected to launch on Friday with 15 firms having gained approval as clearing participants, including the nine founding members of Turquoise and six other firms.

13 August 2008

News/Trade execution

SGX to woo couch potatoes with market data via digital TV

The Singapore Exchange is working with telecomms outfit StarHub to provide real-time financial news, stock prices and - ultimately - execution capabilities to 511,000 cable TV households in Singapore.

13 August 2008

News/Trade execution

Wall Street group issues recommendations for market reform

A year on from the start of the credit crisis, an industry group comprising of senior executives from Wall Street's biggest banks has published a wide-ranging set of recommendations for improving risk management and preventing another financial meltdown.

07 August 2008

News/Trade execution

Glitch knocks out Nyse floor hand-held devices

A technical glitch with hand-held devices used by floor brokers at the New York Stock Exchange (Nyse) left traders unable to send or receive orders yesterday morning.

07 August 2008