Latest Trade execution News: Finextra Research

Icap provides online access to EBS

Interdealer broker Icap has introduced a service offering Internet access to its electronic currency trading platform EBS.

06 August 2008

News/Trade execution

Tokyo Stock Exchange slashes executives' pay again

The Tokyo Stock Exchange (TSE) is cutting the pay of its senior executives following a technical glitch that halted derivatives trading on the bourse last month.

05 August 2008

News/Trade execution

LSE cuts fees as rivals circle

The London Stock Exchange (LSE) is cutting trading fees and introducing incentives for liquidity providers in a bid to attract algorithmic traders and fight off competition from alternative trading systems.

01 August 2008

News/Trade execution

Tullett Prebon and GFI in merger talks

Interdealer brokers Tullett Prebon and GFI Group have confirmed they are in discussions about a possible merger.

01 August 2008

News/Trade execution

ITG buys out BLOCKalert; reports fall in Q2 net income

New York-based Investment Technology Group (ITG) says it is buying the stake it doesn't already hold in BLOCKalert, a block trading joint venture it established with Merrill Lynch.

31 July 2008

News/Trade execution

Turquoise hit by clearing issue in Italy - report

Bank-backed pan-European platform Turquoise will not offer trading in Italian equities when it launches because Italian central securities depository Monte Titoli will not cooperate with its own clearing and settlement provider, EuroCCP.

29 July 2008

News/Trade execution

Nyse in algo trading move

The New York Stock Exchange (Nyse) is rolling out technology that enables floor brokers to trade algorithmically and easily locate larger sources of liquidity.

29 July 2008

News/Trade execution

Finexpo to focus on new execution landscape

The Finexpo - Execution Management conference and exhibition has opened for registration. The event, on Thursday 16 October at The Brewery in London, will focus purely on trade execution, order routing, low-latency data provision and productivity tools for the front-office.

25 July 2008

News/Trade execution

Kuwait Stock Exchange in talks on new trading platform

The Kuwait Stock Exchange is in advanced talks with three market operators - Deutsche Börse, Nyse Euronext and Nasdaq OMX - about the provision of an electronic trading platform, according to a Reuters report.

24 July 2008

News/Trade execution

Apcims challenges FSA on data security and MiFID

The UK's Association of Private Client Investment Managers and Stockbrokers (Apcims) is using the Financial Services Authority's (FSA) AGM to raise concerns about changes to existing data security measures and about the management of post-trade data following the implementation of MiFID.

24 July 2008

News/Trade execution

Plus to launch dark liquidity pool

Plus Markets, the quote-driven trading system for AIM-listed stocks, is launching a dark liquidity pool for small and mid-cap securities as part of a programme of enhancements to its platform.

23 July 2008

News/Trade execution

Merrill smart order router executes 100m shares on Chi-X Europe

Chi-X Europe says Merrill Lynch's smart order router executed over 100 million shares on its pan-European multilateral trading facility (MTF) in a single day last week.

22 July 2008

News/Trade execution

NZX chooses Swift for clearing and settlement messaging

The New Zealand Stock Exchange (NZX) says it will use the Swiftnet FIN network for clearing and settlement messaging.

22 July 2008

News/Trade execution

BNP Paribas launches hybrid clearing service

French banking group BNP Paribas has launched a 'hybrid' securities clearing service as it looks to cash in on the proliferation of new equities trading platforms for investment and fund managers launched in the wake of MiFID.

22 July 2008

News/Trade execution

SWX Swiss Block to launch in August with 11 firms on board

SWX Europe has signed up 11 firms for the August launch of its non-displayed liquidity service for Swiss blue-chip equities, SWX Swiss Block.

21 July 2008

News/Trade execution

ECB launches T2S settlement harmonisation project

The European Central Bank is to press ahead with the launch of its contentious settlement harmonisation project Target2-Securities and has assigned the development and operation of the facility to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia.

17 July 2008

News/Trade execution

Korea's Leading chooses Progress Apama for algo trading

Korea's Leading Investment & Securities has rolled out Massachusetts-based Progress Software's Apama platform to provide its international clients with algorithmic trading capabilities.

17 July 2008

News/Trade execution

Turquoise backs down on plans for early opening

Bank-backed equities trading platform Turquoise has accused rival exchanges of "fear mongering" after being forced to abandon plans to open its market 15-minutes earlier than incumbent bourses.

17 July 2008

News/Trade execution

InCore selects Orc trading technology

Switzerland's InCore Bank has licensed electronic trading technology from Swedish vendor Orc Software for its proprietary trading business.

17 July 2008

News/Trade execution

Link Up Markets contracts with Clearstream for IT build

European depository Clearstream is to work with Tata Consultancy Services to develop and operate the IT infrastructure for Link Up Markets, the settlement services joint venture company set up by seven European CSDs.

15 July 2008